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With Split Congress, Here's How Financials Will Fare

Jacob Sonenshine

The outcome of the midterm elections isn't likely to boost bank stocks. Three interest rate increases this year, which should have increased lending income, haven't inspired investors, said JJ Kinahan, chief market strategist at TD Ameritrade. "The financials have not been able to get going in this anticipated higher rate environment," Kinahan told TheStreet.