Now, to be sure, bank stocks have been rallying since the U.S. election in early November, as a Trump presidency fueled optimism on Wall Street for deregulation and lower taxes. Friday’s news, however, marks the first concrete step Trump has taken towards loosening the regulatory noose on banks, making now a great time to revisit the usually juicy sector. With that in mind, here are five dividend bank stocks that flew on Friday, and which could keep flying under Trump...
Of all the big banks, financial holding company Morgan Stanley (NYSE:MS) rallied the most on Friday, jumping 5.5%. Over the past year, MS stock is up a whopping 72%. The next big gorilla bank on our list is Goldman Sachs Group Inc (NYSE:GS), which saw its shares jump 4.6% on Friday. Next up is financial holding heavyweight JPMorgan Chase & Co. (NYSE:JPM), which popped 3.1% on Friday and has now gained about 29% over the past three months. Behemoth Citigroup Inc (NYSE:C) also got in on Friday’s bank bonanza, with its shares gaining 3.2%. Rounding up our list this week of white-hot bank stocks is giant Wells Fargo & Co (NYSE:WFC), which gained 2.7% on Friday.
Source: IncomeInvestors
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