Bank Stocks Gain as Trump to Take Hatchet to Dodd-Frank

Bank stocks are sharply higher Friday as President Trump is expected to overhaul Dodd-Frank. Trump is expected to issue an executive order shortly on the regulations.

"We expect to be cutting a lot out of Dodd-Frank," Trump said to reporters at today's meeting with CEOs.

Bank Stocks, ETFs:

• Bank of America (NYSE: BAC) +2.6%
• Citigroup (NYSE: C) +3%
• Goldman Sachs (NYSE: GS) +4.2%
• JPMorgan (NYSE: JPM) +2.9%
• Morgan Stanley (NYSE: MS) +4.9%
• Wells Fargo (NYSE: WFC) +2.5%
• Financial Select Sector SPDR Fund (NYSE: XLF) +2%

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