Gillian Tan, Columnist

Banking on Trump

A Trump presidency may be good for the banking industry, but his policies need to be clarified first.

November 9, 2016 at 8:20 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Wall Street's titans may not all have voted for Donald Trump, but investors in bank stocks are giving him a ringing endorsement. Is the rally premature?

As markets absorbed Trump's upset presidential win, Bank of America Corp. and JPMorgan Chase & Co. each surged almost 6 percent, while the KBW Bank Index rose as much as 5.5 percent, its highest level since August 2015.