Financials: Why Trump's Win Caused Bank Stocks to Soar
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 21 November 2016
⏱️ 33 minutes
🧾️ Download transcript
Summary
No sector of the stock market has benefited more from Donald Trump's win in the presidential election than banks, with shares of the biggest banks in America climbing by upwards of 20% over the past two weeks.
Transcript
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| 0:00.0 | Hello everyone welcome to Industry Focus the podcast that dives into a |
| 0:05.8 | different sector of the stock market every day. You are listening to |
| 0:08.9 | the Financial's Edition taped today on Monday November November 21st, 2016. |
| 0:14.4 | My name is Gabby LaPara, and joining me in the studio |
| 0:17.0 | is, well, I guess technically over the phone |
| 0:20.0 | is John Maxfield, one of the Motley Fool's |
| 0:22.0 | top financials correspondence. |
| 0:23.7 | Hey Maxfield, how's it going? |
| 0:25.4 | It's going great, Gabby. |
| 0:26.7 | It's good to finally reconnect. |
| 0:28.2 | I mean, it's been like what, like a month and a half or two months, I feel like since we've |
| 0:31.8 | been on the show together. |
| 0:33.0 | That is true. |
| 0:34.0 | I'm also super happy to be back. |
| 0:36.0 | And in case you're wondering why, listeners, you can listen to last week's episode or two |
| 0:40.4 | weeks ago. |
| 0:41.4 | Two weeks ago's episode. |
| 0:43.0 | So today, today's show is about Donald Trump and Banks, |
| 0:47.0 | and having said that, I want you guys to know that this show is not about politics like the Molly Fool |
| 0:55.4 | doesn't have an official stance and we never will so please don't email me |
| 1:00.6 | angrily but having said that, we do feel like we should report on how |
| 1:07.0 | potential policy changes could affect the stock market in general and for this show, the banking |
... |
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