Bank shares tanked on Donald Trump's triumph

Hayley Kirton
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Banks dominate the skyline in Canary Wharf
Banks' share prices have recovered from the shock (Source: Getty)

Banks' shareholders were clearly less than thrilled about who won the race to the White House this morning, but are learning to live with it this afternoon.

After dipping initially this morning, shares for the big banks listed in London have now recovered.

Shares in HSBC are currently up 0.1 per cent at 620.6p, Lloyds Banking Group is flat at 56.22p, Royal Bank of Scotland is up 0.5 per cent at 188.2p, Barclays is up 2.6 per cent at 190.7p and Standard Chartered is up 1.1 per cent at 652.8p.

The challengers, which also dipped this morning, are not performing similarly, with Metro Bank up 0.7 per cent at 2,765p, Aldermore up 1.8 per cent at 190.4p and OneSavings Bank up 0.7 per cent at 289.1p, to name a few.

Europe at wide has perked up as well. The EuroSTOXX 600 Banks index is trading up 0.2 per cent for the day, but is also down 17 per cent compared with the same time last year.

Shares in German giant Deutsche Bank, which is currently facing a possible $14bn (£11.3bn) fine from the US Department of Justice for mis-selling mortgage-backed securities, are down 0.1 per cent at €12.89.

In the US, where the markets seem to have comfortably brushed off any potential wobbles, JP Morgan is trading up 3.4 per cent at $72.34, Goldman Sachs up 2.9 per cent at $187.26 and Morgan Stanley up 3.8 per cent at $35.41.

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