Banking on Survival

It’s been a brutal year for bank stocks, but Goldman Sachs and Wells Fargo might just weather the storm. The two financial giants have businesses that are largely insulated from the major headwinds hitting the industry.

What’s Going Wrong

The banking sector is facing some serious challenges, and it’s not pretty. But Goldman and Wells Fargo have built-in shields that should protect them from the worst of it. They’re not invincible, but they’re as close as you’ll get in this messy market.

So, what makes these two banks special? For starters, they’ve got diverse revenue streams that won’t dry up overnight. They’re also run by people who aren’t completely clueless, which is more than you can say for some of their competitors.

The Storm Will Pass

It’s hard to predict exactly what’ll happen next, but one thing’s for sure: the banking sector won’t stay in freefall forever. When the dust settles, Goldman and Wells Fargo will likely be standing tall, while some of their peers are left to pick up the pieces.