$C Under Obama corporate tax rate was as high as 35%. Citi traded on an average PE of about 13 in that time frame @ 9.5 now. Might be bumpy for a while but averages will work out, for all banks, just chose $C for reference. Raising corporate taxes is bad in that some corporations will flee to charter elsewhere, but for capital gains it's about time hedge fund managers paid their share. How many people do you know making in excess of a million in cap gains a year?? and would you feel bad for them to be taxed as normal income for that?
$BAC $WFC $JPM $GS