Shares of the biggest US banks soared Wednesday morning, as investors apparently anticipate that Donald Trump will follow through on his campaign promises to lower corporate taxes and reduce regulations once he is sworn in as president.
The stock prices of JPMorgan Chase (JPM) was up 8.6%, Bank of America (BAC) rose nearly 6%, Citigroup (C) climbed nearly 8% and Wells Fargo (WFC) and Goldman Sachs (GS) were up past 10%.
Price: 68.72, Change: +5.05, Percent Change: +7.94
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.