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

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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.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: COIN US50213H1005 CG US3070681065 US81369Y8030 DAVE XLF Stories That Matter JPMorgan Fintech US78464A6982 Mid Cap Analyst Ratings Small Cap Large Cap Devin Ryan Analyst Color Expert Ideas US81369Y6059 LPLA US8085131055 ETFs Top Stories Benzinga FRGE US21254S1078 PWP Anthony Elian Citizens JMP Securities Tech Sector ETFs SCHW OWL Price Target Regional banks XLK KRE Donald Trump HOOD Cryptocurrency

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:30:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Benzinga

News ID: 23464794

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