JPMorgan, Bank Of America And Wells Fargo Shares Surged Wednesday: Here's Why

Shares of major U.S. banks including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC) and Wells Fargo & Co (NYSE:WFC) surged on Wednesday following Donald Trump's victory in the 2024 presidential election. Investors are betting on the potential for softer regulations under a GOP-led administration. Here’s what you need to know.

What To Know: The SPDR S&P Bank ETF (NYSE:KBE) saw a rise of more than 11%, while the SPDR S&P Regional Banking ETF (NYSE:KRE), which focuses on smaller banks, ...

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