Stock Markets Soar, but Will These 2 Bank Stocks Spoil the Party?

The stock market pushed sharply higher on Wednesday, sending the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) to record closes. Investors were able to sustain the positive momentum in the market even during the presidential transition of power, as market participants look ahead to some expected policy changes that could have massive impacts on companies across the stock market. Notably, two bank stocks that reported earnings posted losses on the day, as both Bank of New York Mellon (NYSE: BK) and U.S. Bancorp (NYSE: USB) failed to deliver everything that their shareholders had hoped to see in their latest financial results.