Why Big Banks JPMorgan Chase, Bank of America, and Wells Fargo Rallied in November

Shares of "too big to fail" big banks JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Wells Fargo (NYSE: WFC) all rallied big in November, with their stocks increasing 12.5%, 13.6%, and 17.3%, respectively, according to data from S&P Global Market Intelligence.All three stocks had reported earnings in October, but the election of Donald Trump and Republican majorities to both the House and Senate on Nov. 5 lit a fire under basically all financial stocks, with the biggest, highest-regulated banks seeing some of the very biggest gains.In the wake of the 2008 financial crisis, U.S. and European regulators implemented a slew of new regulations for banks, especially large "too big to fail" banks. Those regulations required large banks to hold much more equity capital in case of a severe downturn in the economy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool