Higher rates would increase the value of some of the banks’ holdings and would widen banks’ margins on loans. On the other, he has railed against Wall Street elites for keeping down small-town America. How, then, will Mr. Trump justify policies that bolster bank profits, while also delivering on his promises of economic populism? Many executives at large banks feared that Mr. Trump was a loose cannon who could destabilize the economy. But as the stock market soared, the big banks began talking about the upside of a Trump presidency.

Source: New York Times November 22, 2016 00:58 UTC