"Former US President Donald Trump's victory and anticipated Republican control of the Senate and possibly the House should lead to a shakeup of some key legislative and regulatory positions affecting the bank sector.

Financial stock investors seemed pleased overall the day after Election Day, as the KBW Nasdaq Bank index closed up 10.69%, while the S&P 500 closed up 2.53%. The bounce was driven by expectations for regulatory relief.

'In general, we expect aggressive actions by the next group of financial regulators, who will feel emboldened to undo many Biden-era rules,' Ian Katz, managing director at Capital Alpha Partners LLC, wrote in a note on Nov. 6."