Shares of Banks and Financial Services Stocks Are Trading Higher. The Sector Has Gained Amid the 2024 US Presidential Election Results.
PNC Financial to Invest Additional $500M to Double Branch Openings
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.
KBW Maintains PNC Financial Services(PNC.US) With Sell Rating, Maintains Target Price $182
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.