Home » General World News » Bank stocks are getting a boost as the Senate nears vote on tax reform (GS, WFC, JPM, MS, C)

Bank stocks are getting a boost as the Senate nears vote on tax reform (GS, WFC, JPM, MS, C)





Lloyd Blankfein

  • The Senate is moving closer to passing tax reform.
  • The bill is still being finalized, but could be voted on as early as Friday.
  • Bank stocks are seeing a boost as the bill is debated and comes closer to a vote.

Wall Street’s banks are enjoying another day of gains as the US Senate hurdles toward a vote on its tax bill.

The Senate’s version of the Tax Cuts and Jobs Act faces a period of debate before it goes into a vote-a-rama. Several last-minute changes have improved its chance of passing, including a less than expected cut in the planned corporate tax read more >>>

Source:: BusinessInsider.Com

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