Shares of banks and other financial institutions fell after a long run-up in the wake of Donald Trump's victory.

Shares of Wells Fargo touched all-time highs after analysts at brokerage Bank of America touted the rival bank's scale and renewed focus on cost reductions after a period of regulatory troubles. Looser bank regulations in the Trump era could also help large lenders.

Spain's competition watchdog expanded its review of Banco Bilbao Vizcaya Argentaria's hostile bid of about $12 billion for peer Banco de Sabadell, further drawing out a takeover battle between the two banks.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-12-24 1802ET