These Bank Stocks Break Out Amid Huge Financial Rally After Trump Win

Blockhead11-07

Financial and bank stocks rallied Wednesday following President-elect Donald Trump's decisive win over Vice President Kamala Harris in Tuesday's election. Goldman Sachs (GS) and JPMorgan Chase (JPM) ...

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Goldman Sachs (GS) and JPMorgan Chase (JPM) ...</p>\n\n<a href=\"https://www.investors.com/news/bank-stocks-break-out-broad-financial-rally-trump-win/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0004091025.USD","symbol_name":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","start_time":0,"source_url":"https://www.investors.com/news/bank-stocks-break-out-broad-financial-rally-trump-win/","article_id":"2481793260","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2017/09/stock-JPMorgan-01-shutter-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481793260","pubTimestamp":1730914700,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Financial companies and bank stocks — from money center banks to regional banks, credit card companies to stock brokers — soared on Wednesday.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","DFS":"发现金融","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4561":"索罗斯持仓","SCHW":"嘉信理财","LU1861217088.USD":"贝莱德金融科技A2","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","HBAN":"亨廷顿银行","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU":"陆金所","KBE":"银行指数ETF-SPDR KBW","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","LU1032466523.USD":"高盛全球多资产收益组合Acc","WAL":"阿莱恩斯西部银行","IBKR":"盈透证券","KRE":"区域银行指数ETF-SPDR KBW","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","RF":"地区金融","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","FDN":"First Trust Dow Jones Internet I","COF":"第一资本","XLF":"金融ETF","COF.AU":"CENTURIA OFFICE REIT","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","BK4566":"资本集团","JPM":"摩根大通","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","SYF":"Synchrony Financial","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H"},"translate_title":"特朗普获胜后，这些银行股在金融大幅上涨中爆发","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLF":1,"RF":1,"SCHW":1,"SYF":1,"KRE":1,"KBE":1,"IBKR":1,"HBAN":1,"WAL":1,"DFS":1,"COF.AU":1,"COF":1,"JPM":0.9,"US7Y.BOND":0.79,"US6M.BOND":0.79,"US5Y.BOND":0.79,"US3Y.BOND":0.79,"US30Y.BOND":0.79,"US2Y.BOND":0.79,"US12M.BOND":0.79,"US10Y.BOND":0.79,"FDN":0.68,"US912797HE00.BOND":0.6,"LU":0.6},"content_text":"Financial and bank stocks rallied Wednesday following President-elect Donald Trump's decisive win over Vice President Kamala Harris in Tuesday's election. Goldman Sachs (GS) and JPMorgan Chase (JPM) led the way among Dow Jones stocks and among bank breakouts, along with Wells Fargo (WFC). Credit-card companies Discover Financial Services (DFS) and Capital One Financial (COF) also spearheaded gains among S&P 500 stocks.\nFinancial Stocks Rally On Hopes For Regulatory Rollbacks\nThe rally for bank stocks hinged on several drivers:\n\nInvestors seemed to bet that a second Trump term would mean less burdensome regulations, more corporate deals and more domestic investment for the banking sector.\nFurther, rising stock markets and unwinding of the antitrust crackdown under President Joe Biden could sweeten profits for U.S. banks and stock brokers.\nTreasury yields soared following the election. The 10-year Treasury yield neared 4.5%, a better than three-month high as investors anticipated economic growth, tax cuts and increased fiscal spending. Higher bond yields bode well for banking sectors, which are generally heavily vested in bond purchases and holdings.\n\n\n\n\n↑\nX\n\n\n\n\n2024 Election Investing Strategies: How To Prepare Your Portfolio\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\n2024 Election Investing Strategies: How To Prepare Your Portfolio\n\n\n\n\nBank Stocks Break Out, Bank ETFs Hit Highs\nThe SPDR S&P Bank ETF (KBE), tracking a range of stocks from the S&P Banks Select Industry Index, gapped up 10% in Wednesday's stock market action. Shares of Bank of America (BAC), Morgan Stanley (MS) and Charles Schwab (SCHW) shot up 5%-10% each. IBD 50 stock Interactive Brokers (IBKR) surged about 10%.\nAmong bank stocks breaking out, Citigroup (C) topped a 67.81 buy point on Wednesday. It is in buy range to around 71. JPMorgan Chase stock regained a 225.48 entry from a cup base and grew quickly extended, meaning shares are no longer in a proper buy zone. JPM stock, a recent IBD Stock of the Day after robust earnings, leapt up almost 10% to a record high on Wednesday. Goldman Sachs stock punched up almost 13%, clearing a 540.51 trigger.\n\nThe Financial Select Sector SPDR ETF (XLF) advanced more than 5%. Credit card firms Discover and Capital One shot up more than 14% apiece, leading the financial stocks fund higher. Private-label card issuer Synchrony Financial (SYF) skyrocketed nearly 18%.\nThe SPDR S&P Regional Bank ETF (KRE), which follows smaller bank stocks, surged more than 11%. Shares of top holdings Western Alliance Bancorp (WAL), Regions Financial (RF) and Huntington Bancshares (HBAN) all popped between 8% and 12%.\nEach of the SPDR financial and bank stock exchange traded funds hit 52-week highs.\nOn Thursday, the Fed will announce its next move on interest rates. Market watchers expect policymakers to cut interest rates by a further quarter point.\nThe Fed's prior reduction by 50 basis points in September marked the first cut in about four years.\nYOU MIGHT ALSO LIKE:\nWhy This IBD Tool Simplifies The Search For Top Stocks\nCatch The Next Big Winning Stock With MarketSurge\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nWarren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio?","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},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481793260"}