The U.S. stock market saw an inflow of $1.2 trillion in funds on Wednesday after Trump won the presidential election. Trump will re-enter the White House in January with fresh ideas to boost the American economy. His America First policies struck a chord with investors who want their tax dollars to work for the U.S. and not donate as aid to other countries. Now that the flow of money is pouring in, two banking stocks in the U.S. could majorly benefit.
The top U.S. investment banks deal with trillions of dollars in asset management and the numbers could surge further. Therefore, taking an entry position now in the two U.S. banking stocks before the economy kicks-off could prove beneficial. In this article, we will highlight the two banking stocks to watch out for that could generate top results.
Also Read: Buy Spotify Stock Before Q3 Earnings Results For Profits
2 U.S. Banking Stocks That Can Generate Profits
1. JP Morgan (JPM)
The top U.S. banking stock, JP Morgan (NYSE: JPM), presents a buying opportunity as its price hovers around the $236 range. Looking at the bank’s status, it could benefit tremendously under the Trump presidency as it has historically favored large businesses with friendly regulations. JP Morgan could gain more interest from increased business activities, which would add to its net interest income.
Also Read: Tesla, Nvidia & More: Looking at Biggest Stock Risers After Trump Win
Banking stocks generally do well when the economy and businesses thrive in the U.S. This puts JP Morgan shares on the buy list as the next four years could be beneficial for profits.
2. Wells Fargo (WFC)
Also Read: Amazon: AMZN Is The Magnificent 7 Stock With the Most Potential
Wells Fargo (NYSE: WFC) stock is experiencing an increase in investments from institutional clients following Trump’s re-election. Its price is currently hovering around the $69 mark and is a compelling pick as the economy grows. The leading U.S. investment bank is positioned to benefit from the Trump presidency as money is entering the stock markets. The bank’s fundamentals make it a solid pick for the long term and could deliver results in the next four years.