Read more
4:49 PM · 6 November 2024

Bank Stocks Soar as Trump Victory Sparks Wall Street Celebration

Wall Street erupted in a frenzy of buying on Wednesday as Donald Trump secured his second presidential victory. Banking stocks led the charge, with JPMorgan Chase soaring over 9.79% and Goldman Sachs climbing more than 12.42% . Traders rushed to position themselves for what many called "Trump Trade 2.0" – betting on lower corporate taxes, looser regulations, and a more business-friendly environment that could boost bank profits.

 

Source: xStation

"It's like 2016 all over again, but bigger," remarked veteran trader Sarah Chen, watching her terminal as bank stocks hit new highs. The KBW Bank Index recorded its best single-day performance since 2022, while regional banks surged even higher on hopes of reduced regulatory oversight. By mid-day, the banking sector had helped push the S&P 500 to record levels, marking what analysts called "the dawn of a new era for financial stocks.

Both JPMorgan Chase and Goldman Sachs stocks are at their ATH. The RSI is approaching ovebought levels with MACD in bullish divergence. Source: xStation

17 April 2026, 2:39 PM

Rallies in European airline valuations

17 April 2026, 2:34 PM

US OPEN: The Strait of Hormuz is fully open 💥Euphoria in the markets 🚀

17 April 2026, 11:09 AM

Market wrap: Peace rumours and disapointing earnings

17 April 2026, 6:55 AM

Morning Wrap: Trump Announces Ceasefire Between Israel and Lebanon

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits