(Updates)
** Shares of economy-sensitive big U.S. banks rise in premarket trading as Republican Donald Trump elected president
** JPMorgan Chase , Wells Fargo , Goldman Sachs , Morgan Stanley , Citigroup and Bank of America gain between 7.5% and 8.6% before the bell
** Analysts have said a Trump win could lift banks on improved domestic investment, looser regulations, domestic job additions and tax cuts
** A Republican presidency could also usher in a lenient antitrust environment for multi billion-dollar deals
** "There are (hopes of) perhaps more M&A in financials sector," says Frédérique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia
** As of last close, S&P 500 Banks Index was up ~26% YTD, outperforming a ~20% rise in the benchmark S&P 500 Index
** Meanwhile, futures tied to the S&P 500 and the Dow hit record highs
** U.S. Treasuries yields, which move inversely to prices, also surged as Trump has promised tax cuts that could boost the budget deficit
** Treasury yields often serve as benchmarks for the interest rates banks charge on loans
(Reporting by Manya Saini, Niket Nishant and Medha Singh in Bengaluru)
((Manya.Saini@thomsonreuters.com))
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