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Wall Street bankers cash in on post-election stock rally

Financial stocks have soared on expectations of lighter regulation, lower taxes and pro-growth economic policies

Morgan Stanley CEO James Gorman recently sold some of his holdings of the banks shares following a sharp rally in the sector
Morgan Stanley CEO James Gorman recently sold some of his holdings of the banks shares following a sharp rally in the sector Photo: Getty Images

Executives at some of the biggest Wall Street banks - including the CEO of Morgan Stanley - have sold tens of millions of dollars worth of stock since the US presidential election, The Wall Street Journal reports.

The reason: soaring financial stocks on expectations of lighter regulation, lower taxes and pro-growth economic policies.

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