US regional lenders leap as Wall Street gains after Trump claims victory
** U.S. regional lenders jump in premarket trading, tracking gains on Wall Street after Republican Donald Trump claims victory in the U.S. presidential election
** Citizens Financial CFG.N up 9% premarket, while Valley National VLY.O and Zions Bancorp ZION.O gain 8.7% and 8.8%, respectively
** Regions Financial RF.N, M&T Bancorp MTB.N, U.S. Bancorp USB.N and KeyCorp KEY.N up between 7.4% and 8% before the bell
** Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris
** Banks will likely see a boost in investment banking fees earned off advising on deals if Trump returns to power due to looser anti-trust regulations, analysts have said
** Major U.S. banks also surge premarket, while S&P 500 futures touched a record high in sharp and broad-based rally on Wednesday .N
** KBW Regional Banking index .KRX - a gauge of investor sentiment towards the sector - was up ~7.2% YTD, as of last close, underperforming broader markets
Reporting by Manya Saini in Bengaluru
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