The outlook for banks under the incoming Trump administration
The outlook for banks under the incoming Trump administration
With a few banks reporting earnings Friday — JP Morgan Chase, Wells Fargo, Bank of America — we’ll take a look at banking’s prospects. The new Trump administration and a GOP-controlled Congress have said they plan to dial back Dodd-Frank and other financial regulations. For the most part, bank stocks – and the market overall — have done well in the months since the election. Rising interest rates are a help to banks, of course. But in the long run, how will things play out if the new administration removes banking and finance regulations?
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