‘Animal spirits alive’ as Wall Street bankers anticipate Trump boom

US president is expected to slash financial controls and prompt wave of dealmaking

Wall Street bankers say they are at the beginning of “go mode” as they expect Donald Trump’s return to the White House to lead to a boom in the industry.

Trump’s second term is expected to result in a bonfire of regulations, including across financial services, with the president having promised during his election campaign to slash 10 existing regulations for every new one created in an attempt to spur economic growth.

Topics

Wall Street shrugs off Trump after he vows Mexico and Canada tariffs

S&P 500 and Nasdaq Composite largely unmoved as it opened for trading for first time after inauguration. Financial markets largely shrugged after Donald Trump outlined plans to impose punitive ...
The Guardian - 7h
Infamous Street Fighter And Darkstalkers Animated Series Returns on Blu-Ray

Back in the '90s, there were several animated adaptations of popular video games, and two of them are headed to Blu-ray soon. Discotek has officially announced that the Street Fighter and ...
GameSpot - 12h
Stanley Druckenmiller says 'animal spirits' are back in markets because of Trump with CEOs 'giddy'

"I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits," Druckenmiller said.
CNBC - 1d
How the bonus season now unfolds on Wall Street

The past dramas of ‘comp days’ have given way to more sanitised procedures
Financial Times - 4d
Trump’s tariff plans could be harming his ‘animal spirit’ investors

The big unknown is how far Trump is prepared to go to win a trade war before it winds up crushing animal spirits.
The Hill - 4d
Wall Street banks had a great quarter, and the boom times are just starting

JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.
CNBC - 5d
Wall Street stocks post biggest rally since Trump’s election victory

Easing underlying US inflation and strong bank earnings boost equities
Financial Times - 6d
Big US banks set for $31bn quarterly profit as Wall Street business booms

Trading activity boosted in final quarter of 2024 by Donald Trump’s election win
Financial Times - Jan. 13
Wall Street looks forward to a bonfire of capital and climate rules under Trump

Profits are poised to dominate in a new era shorn of years of hard-won regulatory restrictions. When some of the biggest banks on Wall Street reveal their full-year earnings this week, they will ...
The Guardian - Jan. 11

More from The Guardian

Bishop calls on Trump to ‘have mercy’ on migrants and LGBTQ+ people

Right Rev Mariann Budde’s appeal amounts to bold public criticism and prompts frosty response from US president. In an inaugural prayer service sermon, the Episcopal bishop of Washington appealed ...
The Guardian - 4h
Ukraine war briefing: Ukraine drones hit Russian oil depot; Trump floats fresh Russia sanctions

Ukraine claims strikes on oil depot and aviation plant inside Russia; Trump talks Ukraine negotiations, Russia sanctions and how China should do more to end the war. What we know on day 1,064 . ...
The Guardian - 3h
Qatari, US and Egyptian negotiators set up Cairo hub to shore up Gaza ceasefire

Communication lines open 24 hours intended to avoid breakdown over reported violations and other issues. Qatari, US and Egyptian negotiators are running a communications hub in Cairo to protect the ...
The Guardian - 8h
‘The gesture speaks for itself’: Germans respond to Musk’s apparent Nazi salute

Some say it was an unambiguous Nazi salute but others are unsure and say focus should be on Musk’s stated support for far-right. Did Elon Musk give a Nazi or Roman salute, and what’s the ...
The Guardian - 9h
Brazil fires consumed wilderness area larger than Italy in 2024 – report

New report says more than 30m hectares burned, 79% more than in 2023, after country saw worst drought on record. After enduring its worst drought on record in 2024, Brazil closed the year with ...
The Guardian - 1h