9 Stocks To Watch: Financial Sector Outshines Tech In 2024 As 'Trump Trade' Sparks M&A Optimism

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9 Stocks To Watch: Financial Sector Outshines Tech In 2024 As 'Trump Trade' Sparks M&A Optimism - Benzinga

Quick Summary:

Analysts Expect M&A Activity to Heat Up

With the Trump administration’s return to the White House, analysts are projecting a significant uptick in mergers and acquisitions (M&A) in the financial sector.“Under the upcoming Trump II administration, we expect a more favorable backdrop for M&A which could lead to additional activity in the space after having been quiet for the past few years,” said Anthony Elian, CFA, analyst at JPMorgan.

Small and mid-sized banks, tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), have also seen strong performance, with a 13% jump following election results, bringing them in line with tech sector gains.