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Goldman Sachs: Why banks can survive losing the Trump bump

The financial sector is one of the worst-performing industries this year, but the US bank thinks it could be a good investment

Goldman Sachs: Why banks can survive losing the Trump bump
Photo: iStockPhoto

Financials, one of the lagging sectors of 2017, could be poised to resume the uptrend they began at the end of last year, MarketWatch reports.

Banks were among the biggest gainers on Wall Street in the immediate aftermath of the 2016 US presidential election, at one point accounting for half of the move in the overall “Trump rally”. The sector has since pulled back, however.

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