Why A Trump Presidency Will Be Good For Wall Street

Investors celebrated Donald Trump’s decisive victory in last week’s presidential election, with banks and alternative investing firms among the biggest winners in anticipation of more lenient regulations.

Goldman Sachs soared 12% in the last three days of the week, and peers like JPMorgan, Citigroup, Morgan Stanley and Bank of America as well as private equity giants KKR and Apollo all gained at least 7%. The rally extended to smaller banks, with the KBW Regional Banking Index up 10% in that span, as financials helped propel the S&P 500 Index’s 3.7% gain in the final three days of the week to a new record high.

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