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Deep Dive: Three bank stocks to benefit from weaker regulations under Trump

The S&P 500’s financial sector has surged in the past year, returning 39%, and now that President Trump aims to roll back regulations, big banks’ gains may have just begun.

So says Bill McMahon, chief investment officer of ThomasPartners, a Boston-based subsidiary of Charles Schwab Co. SCHW, -0.15% with about $10.2 billion in assets under management that specializes in stocks that pay dividends.

Trump on Friday signed executive orders that would start a process of rolling back the fiduciary rule, originally set to take effect in April, and the Dodd-Frank bank-reform law, put in place in 2010 following the financial meltdown.

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