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Shares of major U.S. banks includingJPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC) and Wells Fargo & Co (NYSE:WFC) surged on Wednesday following Donald Trump’s victory in the 2024 presidential election. Investors are betting on the potential for softer regulations under a GOP-led administration. Here’s what you need to know. What To Know: The SPDR S&P Bank ETF (NYSE:KBE) saw a rise of more than 11%, while the SPDR S&P Regional Banking ETF (NYSE:KRE), which focuses on smaller banks, surged over 13%, both hitting new 52-week highs on Wednesday. Following Trump’s election win th…

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