Reported 17 days ago
Mike Mayo, a seasoned bank analyst, believes that Donald Trump's election marks a significant shift in the banking industry towards deregulation, which may enhance profitability on Wall Street. With expectations of tax cuts and pro-growth policies, many analysts foresee a bright future for bank stocks. Despite some caution regarding potential economic overheating and inflation, the sentiment remains positive, signaling improved capital management and solid earnings for banks.
Source: YAHOO