A Donald Trump presidency and Republican-controlled Senate could boost big banks, according to Morgan Stanley analyst Betsy Graseck. To Graseck's point, financials jumped more than 6% on Wednesday — the sector's best day since November 2020 — following Trump's win. Financials were also the top-performing sector on the day as expectations of a deregulatory push and more mergers and acquisitions under Trump buoyed investor sentiment on the sector. The "U.S.
The analyst highlighted four big banks investors should look toward: Citigroup, Goldman Sachs , Wells Fargo and Bank of America . Graseck holds an overweight rating on all four stocks. The acceleration in capital markets should benefit all the big banks, and Goldman Sachs is set to benefit the most, she noted. Bank of America is also expected to see gains from an uptick in activity. Goldman is up more than 12% week to date.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ksatnews - 🏆 442. / 53 Read more »
Source: CNBC - 🏆 12. / 72 Read more »