Environment for Banks Only Getting Better, Says ConnectOne CEO

Tax and regulatory reforms should help banks in 2017, but don't underestimate the impact of better business sentiment, says Frank Sorrentino, CEO of ConnectOne Bank.
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Tax and regulatory reforms should help banks in 2017, but don't underestimate the impact of better business sentiment, said Frank Sorrentino, CEO of ConnectOne Bank(CNOB) - Get Report .

Sorrentino has seen his bank's stock surge almost 40% since Election Day. He said that the incoming Trump administration will make it easier for banks to operate -- and lend -- by reforming Dodd-Frank and other financial regulations.

Finally, Sorrentino does not think potential Federal Reserve rate hikes will derail economic growth.