3 reasons bank stocks soared after Trump’s reelection
Bank stocks popped after former President Donald Trump secured a second term in the White House. The financial select sector SPDR fund (XLF) rose more than 6% in intraday trading on Wednesday, with names like JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Goldman Sachs (GS) gaining. KBW managing director David Konrad…