As the new Trump administration prepares to take the reins, major banks such as JPMorgan, Bank of America, and Goldman Sachs are not only reporting increased earnings but are also feeling a surge of optimism from their CEOs. In recent earnings reports, leaders on Wall Street have been expressing a positive outlook on the future of the banking industry.

The recent presidential election has positioned banks as significant winners, with high expectations for a pro-growth and deregulatory environment under the new administration. This shift in sentiment is evident in the confidence exuded by CEOs like David Solomon of Goldman Sachs and Charles Scharf of Wells Fargo, who are looking towards a promising future.

The optimism in the banking sector follows a strong earnings season, with notable profit increases at big banks like Goldman Sachs, JPMorgan, and Bank of America. This positive momentum is setting the stage for a hopeful outlook on dealmaking and economic growth in the upcoming year.

Let’s take a closer look at what some of the top Wall Street executives are saying about their expectations for the incoming administration:

David Solomon, CEO of Goldman Sachs, has noticed a significant change in attitude among CEOs since Trump’s election win. He anticipates a rise in dealmaking supported by a more favorable regulatory environment.

Jamie Dimon, CEO of JPMorgan Chase, echoes the positive sentiment in the industry, noting expectations for a pro-growth agenda and improved collaboration between government and business. However, he remains cautious of inflation and geopolitical risks.

Charles Scharf, CEO of Wells Fargo, expresses optimism about the incoming administration’s support for U.S. businesses and consumers, citing a more business-friendly policy approach that is expected to benefit the economy and clients.

Brian Moynihan, CEO of Bank of America, is looking forward to driving the company forward in 2025 amid a solid economic environment. Expectations for more deals and a pro-business climate are contributing to the bank’s momentum.

Jane Fraser, CEO of Citigroup, anticipates economic stability and decreased inflation in the year ahead, emphasizing the conducive environment for client activity. She expresses confidence in Citigroup’s positioning for success in 2025.

Overall, Wall Street CEOs are eagerly anticipating the potential benefits of Trump’s pro-business policies and are optimistic about the opportunities that lie ahead.