Mayo Sees ‘Paradigm Shift’ for Banks on Trump Deregulation
- KBW Bank Index surged 11% on Wednesday following election
- Analysts see more gains as capital markets activity picks up
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For Mike Mayo, the veteran analyst known for pointed opinions on the largest US banks, the election of Donald Trump is nothing short of a sea change for the industry.
As he sees it, a new era of deregulation could fuel a surge in Wall Street profitability.