Big Banks Bet Trump Will Make the Best of Times Even Better [Yahoo! Finance Canada]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg When Donald Trump won a return to the White House, it was the financiers' turn to boogie. “A lot of bankers, they're, like, dancing in the street,” Dimon told CEOs at a global summit on Nov. 14. "They've had successive years and years of regulations, a lot of which stymied credit." Wall Street was pulling a long face before the election. Executives tended to lament the rules of the road—annoyance at old regulations, frustration about the prospect of fresh ones and uncertainty over how they'd finally shape up. “Whenever we turn around, there's a new capital requirement, or a new regulation, or a new something that just makes it harder—and after a while it gets to you,” says Sandy Warner, who ran JPMorgan decades ago. “The gratuitous piling on will stop. One of Trump's platforms was reduced regulation, after all.” But the era that's made bankers defensive has also, according to their own earnings numbers, brought them more money than ever. In 2007, when G
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JPM
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