Investors celebrated Donald Trump’s decisive victory in last week’s presidential election, with banks and alternative investing firms among the biggest winners in anticipation of more lenient regulations.
Goldman Sachs soared 12% in the last three days of the week, and peers like JPMorgan, Citigroup, Morgan Stanley and Bank of America as well as private equity giants KKR and Apollo all gained at least 7%. The rally extended to smaller banks, with the KBW Regional Banking Index up 10% in that span, as financials helped propel the S&P 500 Index’s 3.7% gain in the final three days of the week to a new record high.
Read the full story on Forbes: https://www.forbes.com/sites/hanktucker/2024/11/11/wall-street-looks-forward-to–less-regulation-and-higher-profits/
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From now until 1/20/2025 buy as much stocks and crypto that you can afford. And, just wait. The benefits of a Republican president.
What about everyone else… not everyone have the ability to invest on wall street
@kendrapalmer2196 with Robin Hood, you can invest
Beneficial to Wall Street NOT the average, everyday consumer who barely has savings accounts, let alone investments. Lack of regulation is why we had the ’08 housing crisis. America is fking screwed.
Gensler, your fired!
Deregulation, tax cuts, less emphasis on CSR and almost no pressure on the issue of climate action is going to be a big boost to businesses.
@@sakshambhadoria9998 we are back baby