Mayo Sees ‘Paradigm Shift’ for Banks on Trump Deregulation (1)

For Mike Mayo, the veteran analyst known for pointed opinions on the largest US banks, the election of Donald Trump is nothing short of a sea change for the industry.

As he sees it, a new era of deregulation could fuel a surge in Wall Street profitability.

“This has been one long harsh regulatory cycle for banks,” the Wells Fargo & Co. analyst said in an interview. “Now the expectation is for a paradigm shift that prioritizes economics over politics.”

Mayo is hardly the only analyst riding a renewed wave of optimism. Many expect Trump’s policy promises, including a ...