Stay away from Goldman Sachs after monster rally this year, Citizens says
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最新报道：Goldman Sachs shares have surged over 30% this year, but Citizens Investment Management advises investors to stay cautious, citing potential overvaluation. The firm highlights concerns about slowing investment banking revenues and rising costs in a challenging macroeconomic environment. While Goldman's trading division performed well recently, analysts warn this may not be sustainable long-term. The bank's push into consumer banking also faces stiff competition from established players. Citizens recommends rotating into financial stocks with stronger growth prospects and more reasonable valuations.
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