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Donald Trump’s policy pledges unleashing ‘animal spirits’, Wall Street bankers say

Financiers optimistic about vows to cut regulations and growth potential even as they worry about tariffs and geopolitical risks
Banks’ expectations for a strong 2025 came after they reported increases in earnings for the final quarter of last year

Donald Trump’s return to the White House could fuel a blockbuster 2025 on Wall Street, but concerns linger over inflationary policies and global strife, big US banks said as they unveiled bumper quarterly earnings.

Top executives from several of Wall Street’s biggest banks on Wednesday offered upbeat outlooks for this year, particularly for their investment banking businesses, which have surged in revenues in recent months.

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