trump-02Trump Has Bank Stocks Singing ‘Hail to the Chief’


This is a article.

Banks will likely face fewer regulations, but could be harmed by protectionist policies.

Investors in bank stocks greeted Donald Trump’s presidential victory with cheers, reflecting hopes for stronger growth and a lighter regulatory burden. But analysts warned the stocks still face threats from increased political risk or a rise in U.S. protectionism.

Shares in big U.S. banks were up markedly Wednesday morning. Stock in Bank of America Corp. jumped around 5%. J.P. Morgan Chase & Co., Morgan Stanley and Wells Fargo & Co. were all up more than 3%.

Continue reading article.

PiggyBankBlog Bailiff: “All rise! The honorable Congresswoman Marcy Kaptur has entered the Courtroom of Public Opinion!”