Find out who are the possible winners and losers in China banks' earnings results

Large banks poised to beat smaller peers.

According to Bernstein Research, Chinese banks will report Q4:13 earnings in the final week of March. For the group, it is in line with consensus but it expects the large banks to beat & the small banks to miss with AgBank posting the largest beat (+5%) & Minsheng the largest miss (-6%).

Here's more:

We expect 3 of the Big 4 Chinese
banks to top consensus expectations, though only moderately (1-5% on full-year estimates) with Agbank reporting the largest earnings beat (+5%) on healthy NIM expansion.

At the other end of the spectrum, we expect Minsheng Bank to report the largest earnings miss as we forecast their earnings will come in 6% below expectations. The bank will miss as a result of the negative impact from deleveraging its interbank exposures and weak credit quality trends.