Druckenmiller's Duquesne Closes Some Media Holdings, Loads Into Regional Banks, Among Q3 Trades
RBC Capital Maintains First Horizon National(FHN.US) With Buy Rating, Raises Target Price to $22
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.
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.
Shares of Banks and Financial Services Stocks Are Trading Higher. The Sector Has Gained Amid the 2024 US Presidential Election Results.