Rallying Bank Stocks Have Further Room to Run, Analyst Says
Goldman Sachs: Hedge funds are scrambling for bank stocks after the end of the US presidential election, while the public utility sector has seen net selling for the first time in four weeks.
A report from Goldman Sachs shows that as investors react to Trump winning the USA presidential election, hedge funds bought bank stocks at the fastest pace in three years last week while shorting renewable electrical utilities producers.
Trump's election victory is a "green light" for financial stocks. Wall Street's major banks are eyeing these potential banking stocks.
Wall Street analysts continue to predict Donald Trump's potential win in the election and the impact on bank stocks.
Wall Street Picks for Bank Stocks After Trump's Victory Include Capital One, PNC
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.
Keycorp Insider Sold Shares Worth $294,065, According to a Recent SEC Filing