Reported 19 days ago
Wall Street bank stocks surged following Donald Trump's election victory, indicating that major financial institutions anticipate a friendlier regulatory environment. Analysts predict this will benefit large banks as the new Republican administration may ease regulations implemented after the 2008 financial crisis. Stocks like JPMorgan Chase and Goldman Sachs saw significant gains, and there's optimism that upcoming policy changes could further enhance bank profitability and mergers.
Source: YAHOO