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KBW Nasdaq Bank Index Newsroom
Average Rate on a 30-year Mortgage in the US Rises to Highest Level Since July
Wall Street banks eagerly await Trump's deregulation, while experts warn: don't celebrate too early.
Banks hoping for Trump to relax regulations may be disappointed.
Will the US bank stocks remain strong? Morgan Stanley has listed a "shareholding" list, while JPMorgan anticipates that the upward trend is likely to continue.
After Trump announced his re-election as the President of the USA, bank stocks in the US once again gained market attention, with the kbw nasdaq bank index soaring over 10% on November 6th, currently at the highest level since February 2022.
Fed: Uninsured Deposits at Postpandemic Low -- Market Talk
Express News | After Trump's election victory, the stock prices of several major US banks soared. JPMorgan CEO Damond: Many bankers are dancing in the street like.
Financial industry executives expect the Trump administration to stimulate large banks' mergers and acquisitions.
On November 13, according to Reuters, executives and analysts from the american financial sector stated that as former President Trump returns to the White House, government-appointed regulators are likely to adopt a more favorable stance toward approving large trades, which may lead to a wave of bank mergers and acquisitions.
11 Bank Stocks Trading at Low Valuations, Even After Trump Bump
Wall Street Bonuses Will Be Extra Fat This Year. Here's How Much Bankers Are Getting. -- Barrons.com
Compensation consulting companies predict traders will receive a "windfall", with Wall Street bonuses seeing a significant increase for the first time in three years.
According to a report by the compensation consulting firm Johnson Associates, Wall Street firms are expected to pay higher bonuses this year, marking the first increase since the bumper year of 2021.
Rallying Bank Stocks Have Further Room to Run, Analyst Says
Goldman Sachs: Hedge funds are scrambling for bank stocks after the end of the US presidential election, while the public utility sector has seen net selling for the first time in four weeks.
A report from Goldman Sachs shows that as investors react to Trump winning the USA presidential election, hedge funds bought bank stocks at the fastest pace in three years last week while shorting renewable electrical utilities producers.
Trump's election victory boosts US bank stocks, with Wall Street expecting relaxed regulations.
Within the largest banks in the usa, people's emotions range from cautious optimism to excitement because they see the prospect of relief from regulatory institutions during the Biden era.
Impeachment of the SEC Chairman, revocation of the cryptocurrency lawsuit, relaxation of bank inspections... These might be the first shots of "Trump 2.0"!
Trump once claimed that he would fire SEC Chairman Gary Gensler on his first day in office, and planned to adopt a more lenient attitude towards the cryptos industry, possibly withdrawing the lawsuits against exchanges such as Binance and Coinbase. However, analysts believe that the new government's adjustment efforts may not be as significant.
Is Trump's victory equivalent to the banks on Wall Street winning? The five major banks have repeatedly hit new highs this year, and financial stocks are expected to continue the 'victory trade'.
Investors will hope for Trump to weaken financial regulations. Analysts point out that Trump's victory will bring the biggest change to federal financial regulatory institutions in US history.
Futu Morning Post | Trump's trades sweep the market! Three major indices hit historical highs together; with the election settled, Wall Street adjusts down the expectations for Fed rate cuts.
First European Central Bank official to speak out after Trump's victory: closely watching, inflation may face huge impact; mortgage rates soaring along with US bonds, reaching the highest level since early July this year; jefferies financial: the pace of implementation of Trump's policies will dominate the future trend of the US dollar.
Trump's victory sparked a frenzy of rotation in US stocks: bank stocks soared, stock indices rose by more than 10%, energy stocks surged, and photovoltaic stocks collapsed.
Benefiting from expectations of relaxed financial regulation, major US banks such as Goldman Sachs, JPMorgan, and Morgan Stanley all rose by more than 10%; renewable energy stocks plummeted, with solar energy stocks like Sunrun falling by at least 10%; Bitcoin hitting a record high drove up the overall crypto concept stocks, with the largest US crypto exchange Coinbase closing up by 31%.
Express News | usa Philadelphia Banks Index surged nearly 9%, wells fargo & co rose nearly 13%
Before the USA election, the top five busiest trades.
The 10-year U.S. Treasury yield has rebounded by about 70 basis points from the recent low, while the U.S. dollar has also rebounded by 3.3% from its low point. Bitcoin fell after hitting a historical high last week, with bank stocks and clean energy stocks rising and falling by about 5% respectively in the past month, but both reversed course on Monday. DJT has risen over 180% since its low point.
Banks' stock increase signals the direction of the election? Trump's lead signal is emerging.
With the election approaching, stocks of major banks such as jpmorgan and wells fargo & co are showing strong gains. Analysts believe that this momentum may indicate that Trump has a slight edge in the election.
The Election Is Big Stakes For Small Banks -- Barrons.com