Trump's election victory boosts US bank stocks, with Wall Street expecting relaxed regulations.
Within the largest banks in the usa, people's emotions range from cautious optimism to excitement because they see the prospect of relief from regulatory institutions during the Biden era.
Express News | Small businesses rising drive usa labor productivity growth exceeding 2% for five consecutive quarters.
Bank of America Options Spot-On: On November 8th, 220.24K Contracts Were Traded, With 3.35 Million Open Interest
On November 8th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 220.24K options for the day, of which put options accounted for 33.58% of the total
Warren Buffett Is Raising Cash -- and Missing Out on the Booming Market -- Barrons.com
Express News | Bank of America announced that it will inform its USA employees of the mandatory arbitration policy.
Express News | The data shows: The US market considers the credit risk of high-quality corporate debtors to be very low.
Express News | Bank of America Global Research downgraded electric vehicle manufacturer Rivian from "buy" to "neutral" and lowered the target price from $20 to $13.
Bank of America Upgraded to Buy Ahead of Trump's Return to the White House
Impeachment of the SEC Chairman, revocation of the cryptocurrency lawsuit, relaxation of bank inspections... These might be the first shots of "Trump 2.0"!
Trump once claimed that he would fire SEC Chairman Gary Gensler on his first day in office, and planned to adopt a more lenient attitude towards the cryptos industry, possibly withdrawing the lawsuits against exchanges such as Binance and Coinbase. However, analysts believe that the new government's adjustment efforts may not be as significant.
This Bank of America Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Is Trump's victory equivalent to the banks on Wall Street winning? The five major banks have repeatedly hit new highs this year, and financial stocks are expected to continue the 'victory trade'.
Investors will hope for Trump to weaken financial regulations. Analysts point out that Trump's victory will bring the biggest change to federal financial regulatory institutions in US history.
Bank of America Analyst Ratings
pnc financial services (PNC.US) increased investment capital to 1.5 billion US dollars to double the branch size.
pnc financial services announced that it will invest an additional 0.5 billion US dollars more than originally planned, doubling the scale of branch expansion.
Bank of America Upgraded to Buy at Citi as Convergence Play
Wells Fargo Maintains Bank of America(BAC.US) With Buy Rating, Maintains Target Price $52
Citi Upgrades Bank of America(BAC.US) to Buy Rating, Raises Target Price to $54
Express News | Bank of America : Citigroup Raises to Buy From Neutral
"Trump trade" fizzled out, what is the market worried about?
The market is concerned that if Trump really fulfills his campaign promises, especially on tariff policy, the usa may see larger deficits and soaring inflation, immigrant workers being deported, which could lead to a significant decline in economic growth.
Market doubts policy difficult to implement, traders' enthusiasm for the "Trump trade" cools down.
After initially rushing into the 'Trump trade', some investors in certain asset classes are gradually lowering their enthusiasm, as they question whether Trump will pursue his ambitious tariff proposals as the President of the USA.
Schroder Investment: How will Trump's victory affect the global economy and stock market?
He promised further tax cuts and regulatory easing, while imposing additional tariffs and tightening immigration policies, this series of policies will have a re-inflationary effect on the economy of the usa.