The exuberance on Wall Street could be seen immediately.
Goldman Sach shares soared more than 13% on Wednesday in the aftermath of Donald Trump’s presidential victory, and so too for Wells Fargo. JPMorgan rose almost 12%, while investment banks Evercore, Moelis, PJT Partners, Perella Weinberg Partners and Lazard all saw bigger jumps than larger rivals, with investors betting on a coming boom in mergers and acquisitions. Many of these firms were propelled to records. Many CEOs are now “dusting off their dream deals,” Evercore Chairman Emeritus Ralph Schlosstein told Bloomberg Television.
“There are real accelerants here in the business and ...