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(Bloomberg Markets) -- You wouldn’t have known JPMorgan Chase & Co. had just reported its best quarter by the way Jamie Dimon talked about his competition in July 2023. “They’re dancing in the streets,” the chief executive officer said, referring to hedge funds and private equity firms that were piling into the lending business as banks like his faced higher capital requirements.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus

US bank stocks rallied following a decisive win by President-elect Donald Trump, in a sign that big Wall Street financial institutions expect to have an easier time in Washington under a new Republican administration.

Apple and Goldman Sachs are being ordered by the CFPB to pay a combined $89 million in fines stemming from customer service issues with the Apple Card and regulatory violations.

The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

The biggest banks staged a broad Wall Street rebound in the third quarter, as optimism about a possible 'soft landing' and rate cuts from the Fed spurred dealmaking and trading.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

Goldman Sachs third-quarter profits rose 45% from a year ago as a rise in dealmaking lifted the Wall Street giant.

As a fresh wave of earnings rolls in, hopes are for further positive surprises.

Now that the Fed is easing rates, Goldman may benefit as corporations that have waited on the sidelines to acquire competitors or raise funds take action.

London's Financial Conduct Authority said it has fined Starling "for financial crime failings related to its financial sanctions screening."

US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders.

While the talks are early and could falter, the move could mean that the country's largest credit card issuer may be about to grow even larger.

Big bank executives delivered mostly tempered and cautionary comments around the uncertainty of earnings going forward at a conference hosted by Barclays Monday and Tuesday.

In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business.

Big banks are getting more aggressive with their regulators in a highly charged election year — a sharp contrast to the harsh political scrutiny they received in the aftermath of the 2008 financial crisis.