JPMorgan, Goldman Sachs stocks soar as Trump win signals financial deregulation, higher interest rates

JPMorgan and Goldman Sachs both gained as much as 7.5% in Wednesday's premarket. Donald Trump won a second non-consecutive term as US president on Tuesday evening. Trump won about 51% of the popular vote and more than enough electoral votes to win, although vote count continues. UBS, Barclays expect tariffs and higher deficits to force the Fed to keep interest rates higher, benefiting banks. JPMorgan and Goldman Sachs both saw their stars rise in Wednesday’s premarket after Donald J.

This is the first time since the late 19th century US presidency of Grover Cleveland that an occupant of the White House has served non-consecutive terms. UBS published a client note saying that higher interest rates expected under a Trump administration would be good for financials. The market expects higher interest rates in a Trump presidency because of higher expected deficits compared to a Democratic Party administration.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs stock rises as Q3 earnings beat expectationsGoldman Sachs stock rises as Q3 earnings beat expectations
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost resultsWall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs Stock Drops Despite 54% Earnings Jump: Time to Buy?Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Goldman Sachs Group Inc. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Here's why Goldman Sachs' gloomy 10-year stock market forecast is no reason panicThe research emphasizes the importance of the kind of stock picking we do.
Source: CNBC - 🏆 12. / 72 Read more »