In the wake of Donald Trump's election victory, Wells Fargo & Co (NYSE:WFC) shares have gained 12% to $72.67 in November, buoyed by optimism around pro-business policies anticipated under a Republican-led administration.

Trump's promise to extend and expand the Tax Cuts and Jobs Act, including further corporate tax reductions, has renewed investor confidence in banking stocks like Wells Fargo, which stands to benefit from a friendlier tax environment and reduced regulatory constraints.

What To Know: Wells Fargo, one of the United States' major banks, could experience improved profit margins if corporate tax rates are lowered further. Historically, the bank has also benefited from favorable regulatory changes under Republican administrations.

With the potential rollback of stringent environmental regulations, Wells Fargo's energy financing arm, which includes investments in fossil fuel projects, could see increased activity, further boosting revenue.

Additionally, the heightened inflation likely driven by Trump's proposed tariffs could prompt the Federal Reserve to maintain higher interest rates. For Wells Fargo, as for other banks, higher rates generally mean increased net interest margins, enhancing profitability on loans.

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How To Buy WFC Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Wells Fargo's case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, WFC has a 52-week high of $74.27 and a 52-week low of $40.53.