Bank Stocks Has Reached $159 Million After Trump's Victory

By Czarina Ara Lasco

Nov 16, 2016 06:00 AM EST

According to the calculation of FORBES, the bank stocks rally from the day of the election has shown that the stock's value is boosted and choices made by the Chief Executive Officers of the six big bank in the amount of $159 million.

The Greek American business executive James Dimon, who is the CEO of JPMorgan Chase, the largest of the Big Four American Banks, has actually acquired the largest dividend after his capitals increased to $69.8 million dollars after the Trump's victory in his presidential race with the Democrat Hillary Clinton. With his assets and options which boosted to $63.9 million from Tuesday, Lloyd Blankfein, Goldman Sachs CEO, goes next to Dimon after the shares of the investment bank increased with 10% in trading for three days.

Meanwhile, the value of stocks of the Chief Executive Officer of Morgan Stanley, James Gorman, has increased $10.4 million. With a boost of $8.3 million, the stock and options of Tim Sloan, CEO of Wells Fargo also felt the upsurge considering that he was just recently appointed in the company.

Fifth and sixth placers in the big banks of Wall Street are Brian Moynihan, CEO of the Bank of America with an increase in his holdings of $5.4 million, and CEO Michael Corbat of Citigroup with $1.3 million rise in his holdings.

During his campaign, recently-elected President Trump had promised his agenda of increasing the monetary assets of the United States through investing on infrastructure and reduces the regulation which will result to the formation of more jobs and earnings for the blue collar workers whose incomes fell due to the drop of the demand for manufacturing.

However, prior to the assumption of office of President-elect Trump, bank stocks have already surged as huge lenders have been positive with regard to the earnings environment.

During the New York Times Dealbook conference on Thursday, Goldman's CEO Blankfein said, "If you want to be good for bankers, you have to have policies that would be good for economic growth." 

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