President Trump told Bloomberg News in an interview that he is actively considering breaking up big banks, sending stocks in the banking sector lower before recovering.

"I'm looking at that right now," Trump in an interview with Bloomberg News in the Oval Office. "There’s some people that want to go back to the old system, right? So we’re going to look at that."

Related ETFs/Stocks

Bank of America (NYSE: BAC)
Citigroup (NYSE: C)
Goldman Sachs (NYSE: GS)
JPMorgan (NYSE: JPM)
Morgan Stanley (NYSE: MS)
S&P Dep Receipts (NYSE: SPY)
Wells Fargo (NYSE: WFC)
Financial Select Sector SPDR ETF (NYSE: XLF)