Shares of wealth managers and brokerage firms such as Charles Schwab, Robinhood, and Morgan Stanley soared Wednesday morning as President Donald Trump’s election ushered in expectations for less regulation and a more business-friendly environment.
Schwab’s stock rose 5.2% Wednesday morning. Brokerage firms Robinhood Markets and Interactive Brokers jumped 16.66% and 9.81%, respectively. Shares of Morgan Stanley and Stifel Financial, which operate large wealth management and investment banking businesses, were up 11.39% and…
