Big Banks, Credit Card Shares Jump After Trump Win

Investopedia

2024-11-06

Key Takeaways

Financial stocks rose Wednesday after former president Donald Trump won the 2024 U.S. presidential race over vice president Kamala Harris.
Shares of JPMorgan Chase were up more than 8% in early Wednesday trading.
Goldman Sachs surged more than 9% and Bank of America surged more than 7%. Credit-card shares jumped.

Financial stocks rose Wednesday after former President Donald Trump won the 2024 U.S. presidential race over Vice President Kamala Harris.

Shares of JPMorgan Chase (JPM) were up more than 8% in early trading . Meanwhile, Goldman Sachs (GS) surged more than 9% and Bank of America (BAC) surged more than 7%. An index of big-bank shares was up some 8%, while one of regional bank stocks rose even more as investors anticipated an environment friendlier to banks and dealmakers.

The S&P 500's financials sector was also helped by credit-card companies, with Discover (DIS), Capital One (COF) and Synchrony (SYF) rising 14% or more.

The moves came as the Dow, Nasdaq and S&P 500 all posted substantial morning gains. Prices for cryptocurrencies flew higher, with bitcoin and ether jumping. Trump, seen as a strong supporter of digital currencies, in August said he wanted to make America “the crypto capital of the planet.”

Here's Investopedia's take on what a Trump win means for the U.S. economy.

Update: This article has been updated to add more details and reflect new share-price information.

TradingView

Do you have a news tip for Investopedia reporters? Please email us at

tips@investopedia.com

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Trump, seen as a strong supporter of digital currencies, in August said he wanted to make America “the crypto capital of the planet.”<span></span>\n</p>\n<div></div>\n<p> Here's <em>Investopedia's</em> take on what a Trump win means for the U.S. economy.\n</p>\n<div></div>\n<p> <strong>Update</strong>: This article has been updated to add more details and reflect new share-price information.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"811\" width=\"1542\"/>\n<noscript>\n<img height=\"811\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/ZYhyd3ghFcT4gXQwHa_JVswvzY4=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/YM1_2024-11-06_08-00-31-9b1af6e487524494a23ba48b24660541.png\" srcset=\"https://www.investopedia.com/thmb/-zr157tbwOJGwqF7kVajRPiat0w=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/YM1_2024-11-06_08-00-31-9b1af6e487524494a23ba48b24660541.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? 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Credit-card shares jumped.</li></ul></div></div></div>\n<p> Financial stocks rose Wednesday after former President Donald Trump won the 2024 U.S. presidential race over Vice President Kamala Harris.\n</p>\n<div></div>\n<p> Shares of JPMorgan Chase (JPM) were up more than 8% in early trading . Meanwhile, Goldman Sachs (GS) surged more than 9% and Bank of America (BAC) surged more than 7%. An index of big-bank shares was up some 8%, while one of regional bank stocks rose even more as investors anticipated an environment friendlier to banks and dealmakers.\n</p>\n<div></div>\n<p> The S&P 500's financials sector was also helped by credit-card companies, with Discover (DIS), Capital One (COF) and Synchrony (SYF) rising 14% or more.\n</p>\n<div></div>\n<p> The moves came as the Dow, Nasdaq and S&P 500 all posted substantial morning gains. Prices for cryptocurrencies flew higher, with bitcoin and ether jumping. Trump, seen as a strong supporter of digital currencies, in August said he wanted to make America “the crypto capital of the planet.”<span></span>\n</p>\n<div></div>\n<p> Here's <em>Investopedia's</em> take on what a Trump win means for the U.S. economy.\n</p>\n<div></div>\n<p> <strong>Update</strong>: This article has been updated to add more details and reflect new share-price information.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"811\" width=\"1542\"/>\n<noscript>\n<img height=\"811\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/ZYhyd3ghFcT4gXQwHa_JVswvzY4=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/YM1_2024-11-06_08-00-31-9b1af6e487524494a23ba48b24660541.png\" srcset=\"https://www.investopedia.com/thmb/-zr157tbwOJGwqF7kVajRPiat0w=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/YM1_2024-11-06_08-00-31-9b1af6e487524494a23ba48b24660541.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? Please email us at</div>\n<span>tips@investopedia.com</span></div></div>\n<div class=\"bt-text\">\n<p> 來源：<a href=\"https://www.investopedia.com/big-banks-credit-card-shares-jump-after-trump-win-8740448\">Investopedia</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4552","symbol_name":"Archegos爆倉風波概念","start_time":0,"source_url":"https://www.investopedia.com/big-banks-credit-card-shares-jump-after-trump-win-8740448","article_id":"2481984563","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/J1paXyNqcl5Uf8WTt001iYmZJ7c=/3000x2000/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-jpmorgan-5fce7167a5564f3a9b9adc5f2242b91f.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481984563","pubTimestamp":1730905904,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Financial stocks rose Wednesday after former president Donald Trump won the 2024 U.S. presidential race over vice president Kamala Harris.Shares of JPMorgan Chase were up more than 8% in early Wednesday trading.Goldman Sachs surged more than 9% and Bank of America surged more than 7%. Credit-card shares jumped.Financial stocks rose Wednesday after former President Donald Trump won the 2024 U.S. presidential race over Vice President Kamala Harris.Shares of JPMorgan Chase  were up more than 8% in early trading . Meanwhile, Goldman Sachs  surged more than 9% and Bank of America  surged more than 7%. An index of big-bank shares was up some 8%, while one of regional bank stocks rose even more as investors anticipated an environment friendlier to banks and dealmakers.The moves came as the Dow, Nasdaq and S&P 500 all posted substantial morning gains. Prices for cryptocurrencies flew higher, with bitcoin and ether jumping. Trump, seen as a strong supporter of digital currencies, in August said","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4552":"Archegos爆仓风波概念","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4504":"桥水持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","LU":"陆金所","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","COF.AU":"CENTURIA OFFICE REIT","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4550":"红杉资本持仓","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","COF":"第一资本","BK4554":"元宇宙及AR概念","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","BAC":"美国银行","BK4507":"流媒体概念","BK4566":"资本集团","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","DIS":"迪士尼","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","JPM":"摩根大通","BK4524":"宅经济概念","BK4166":"消费信贷","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","SYF":"Synchrony Financial"},"translate_title":"特朗普获胜后大银行和信用卡股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SYF":1,"BAC":1,"JPM":1,"COF":1,"COF.AU":1,"DIS":0.8,"LU":0.6},"content_text":"Key Takeaways\nFinancial stocks rose Wednesday after former president Donald Trump won the 2024 U.S. presidential race over vice president Kamala Harris.Shares of JPMorgan Chase were up more than 8% in early Wednesday trading.Goldman Sachs surged more than 9% and Bank of America surged more than 7%. Credit-card shares jumped.\n Financial stocks rose Wednesday after former President Donald Trump won the 2024 U.S. presidential race over Vice President Kamala Harris.\n\n\n Shares of JPMorgan Chase (JPM) were up more than 8% in early trading . Meanwhile, Goldman Sachs (GS) surged more than 9% and Bank of America (BAC) surged more than 7%. An index of big-bank shares was up some 8%, while one of regional bank stocks rose even more as investors anticipated an environment friendlier to banks and dealmakers.\n\n\n The S&P 500's financials sector was also helped by credit-card companies, with Discover (DIS), Capital One (COF) and Synchrony (SYF) rising 14% or more.\n\n\n The moves came as the Dow, Nasdaq and S&P 500 all posted substantial morning gains. Prices for cryptocurrencies flew higher, with bitcoin and ether jumping. Trump, seen as a strong supporter of digital currencies, in August said he wanted to make America “the crypto capital of the planet.”\n\n\n Here's Investopedia's take on what a Trump win means for the U.S. economy.\n\n\n Update: This article has been updated to add more details and reflect new share-price information.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}