Nasdaq GIDS - Delayed Quote • USD KBW Nasdaq Bank Index (^BKX) Follow 137.14 +0.83 +(0.61%) At close: 4:34:33 PM EST All News Federal Reserve could hike rates if Trump tariffs unleash inflation: BNY CEO BNY CEO Robin Vince won't rule out a Fed rate hike if Trump tariffs stoke inflation. Wall Street is bullish about bigger bonuses again Wall Street is preparing for higher bonuses for the first time since 2021, with underwriters and traders getting the biggest pay boosts for 2024 performance. Why banks are (probably) rooting for Donald Trump US banks have a lot riding on the outcome of Election Day even if they’re not 100% sure how either candidate might treat their industry. Most observers expect Donald Trump to be more favorable. Bank stocks rise on Fed rate-cut rally US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders. Bank investors are now betting 2024 could be the start of another 1995 The start of a new rate-cutting cycle at the Federal Reserve has bank investors hoping for a return to 1995, the year the banking industry began one of its best runs in US history. Investors are betting the Powell pivot will relieve regional bank woes Investors are wagering that US bank stocks are poised to move higher as an easing of Fed monetary policy is expected to provide much-needed relief to some beleaguered lenders. Goldman is getting out of the robo-advisory business Goldman Sachs is exiting the robo-advisory business as it tries to scale back its ambitions and re-focus on core strengths. JPMorgan shuffles executives as race to succeed CEO Jamie Dimon heats up The nation's largest and most profitable bank is handing new responsibilities to some of its top executives as it gets closer to a time when it is no longer led by Jamie Dimon.