Reported 18 days ago
Shares of major US banks, including Goldman Sachs and Citigroup, rose sharply following Donald Trump's election victory, as investors anticipate tax cuts and deregulation in the financial sector. Trump has outlined plans to significantly reduce corporate tax rates and eliminate more regulations than he introduces. This optimistic outlook has led to record highs for bank stocks, with analysts suggesting a shift towards a more supportive regulatory environment for banks and potential growth in deal-making activities.
Source: YAHOO