Bankers are celebrating the prospect of lower corporate taxes and fewer regulations under President Donald Trump and a Republican-controlled Congress. “It’s a new day, and we’re excited about it,” said Kelly King, CEO of BB&T Corp. (NYSE: BBT), in an earnings call on Jan. 19, the day before Trump’s swearing in. “It’s a really good proposition for the banking industry.”

Other bank CEOs are similarly optimistic, contending that Trump’s proposed policy changes – which also include investing heavily in infrastructure and repealing and replacing the Affordable Care Act (ACA) – will be a boon to banks’ bottom lines.

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