Relaxation of financial regulations under a Trump administration would benefit regional banks and consumer lenders, according to S&P Capital IQ.
Capital One (COF) , American Express (AXP) and Discover (DFS) are potential winners in 2017, according to Erik Oja, an analyst with CFRA. Additionally, Oja says a softening of the Volcker Rule could benefit banks like First Horizon National (FHN) in Tennessee, which is major bond trader. He thinks regional banks like Comerica (CMA) will be winners next year, thanks to an improving economy.
Oja believes regulatory changes may make the large financial institutions like Bank of America (BAC) , JPMorgan Chase (JPM) , Citigroup (C) and Wells Fargo (WFC) rethink their business models and sell off some assets.
