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President opens mouth, banks slip

Published 05/01/2017, 01:04 PM
© Reuters.  President opens mouth, banks slip
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  • Part of a wide-ranging interview with Bloomberg, Trump says he's actively considering breaking up the big Wall Street banks.
  • Goldman Sachs (GS +0.5%), Morgan Stanley (MS +0.9%), JPMorgan (JPM +0.3%), Citigroup (C +0.6%), and Bank of America (BAC +0.8%) have all pulled back from session highs, but remain in the green.
  • Speaking at roughly the same time, but in another forum, Vice President Pence says replacing Dodd-Frank is among the president's top priorities.
  • In other gems, the president says he'd be open to raising the gasoline tax, putting a little pressure on the likes of CVR Refining (CVR -1.1%), Tesoro (TSO -1.3%), and Valero (VLO -0.8%).
  • Now read: Bank Of America: Know The Real Drivers


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