The shares of US banks, including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. rose in premarket trading as investors bet that Donald Trump would make good on his promises to cut taxes and reduce regulations on the industry.

During the campaign, Trump promised to cut the corporate tax rate from 21% to 15%, and eliminate 10 regulations for every new one — which would provide a more attractive environment for banks than his rival Kamala Harris, who planned to raise tax rates. corporate taxes.