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Reporter at American Banker

Bank stocks are loving Trump's victory. Some tidbits from me: *Capital One's purchase of Discover becomes more likely (faced a tough road under merger-skeptic Biden regulators). Both up >14%. *Wells Fargo may finally leave regulatory purgatory. Up 11%. *Tougher bank rules on the rocks. Big banks up >6%. *Two credit card issuers up >14% (CFPB rule to slash late fees to $8, from upwards of $30, is now in question). *Smaller mergers among regional banks will pick up. Regional bank stocks up >11%. https://lnkd.in/eaeFuisv

Bank stock prices soar on hopes that Trump will ease regulation

Bank stock prices soar on hopes that Trump will ease regulation

americanbanker.com

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