Trump or Harris? What the Bank Stock Rally Says About Who Will Win the Election.

Trump or Harris? What the Bank Stock Rally Says About Who Will Win the Election.·Barrons.com

Shares of large banks, including JPMorgan Chase and Wells Fargo are enjoying a strong run ahead of Election Day, a sign, according to some, that a narrow win by former President Donald Trump is likely in the cards. Analysts say a second Trump presidency would resume friendlier regulations on Wall Street firms. “Bank stocks, and the broader market, including treasuries, appear to be predicting a higher probability of a Trump victory,” D.A. Davidson research analysts led by Gary Tenner wrote in a report on Monday.

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