Reported 18 days ago
After Donald Trump won a second term, bank stocks experienced a significant surge, with the financial sector rising over 6% in trading. Analysts attribute this increase to three main factors related to deregulation: a reduction in antitrust regulation allowing for more mergers, lower capital constraints, and decreased scrutiny from the Consumer Financial Protection Bureau on fees. Additionally, concerns about inflation and a preference for more asset-sensitive financial stocks contributed to this upward trend.
Source: YAHOO