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Benzinga
Benzinga
Business
Piero Cingari

Regional Banks Notch Best 2-Day Rally Since Trump's Election Win

Jerome Powell Trump GS US Federal Reserve Nasdaq
WallStreet.Banks.Shutterstock

An upbeat start to Wall Street's earnings season, combined with dovish signals from Federal Reserve Chair Jerome Powell, has unleashed a powerful rally across U.S. regional banks, marking their strongest two-day performance since Donald Trump's 2024 election victory.

The SPDR S&P Regional Banking ETF (NYSE:KRE) surged another 3.6% on Tuesday, after rising 2.2% on Monday. That 5.9% gain marks its best two-day performance since Nov. 7, 2024, when investors rushed into smaller financials on expectations of lighter regulation and increased M&A activity under a Trump administration.

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