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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.