Since the election, the United States has been riding the “Trump Effect.” Each new president will usually be given 100 days honeymoon. Should Texas bankers ride the “Trump Effect” to healthy profits in 2017?
“New Day in America”
Thomas Jefferson thought that America might have a revolution every 20 years or so. The citizens need leaders who will help them be the most productive. No matter how one voted, some think that American President Donald Trump will be good for American productivity.
New political leadership can increase capital investment. The Federal Reserve is in charge of the American banking system. The Dallas Fed is one of the 12 local branches. With a new president, the Fed should increase capital to the nation.
“Hot Texas Economy”
Texas has been one of the most productive regions in the nation. Texas has lowered taxes and encouraged the top Fortune 500 businesses to move to the state. This has created a great tone where politicians and businesses, work “hand-in-hand.”
Did you know that the Fortune 500 “companies represent two-thirds of the U.S. GDP with $12 trillion in revenues?” Thus, when Texas attracts another Fortune 500 firm, it can have a great impact. Under Trump, many believe that these businesses will benefit the most. This is already being seen in higher stock prices.
One of the well-positioned banks, which can benefit from the “Trump Effect” is NexBank. It has loan products for individuals, businesses and consumers. Firms with US Treasury Bonds can use NexBank for management of their wealth.
Who knows what will happen? Texas banks, like NexBank, should get the most out of the “Trump Effect.” They can attract more capital and continue the hot Texas market through all of 2017.