Goldman Sachs notes rising oil prices due to Strait of Hormuz closure could pressure financial sector earnings.
Analyst Richard Ramsden sees room for banks to boost net income as loan growth stays strong and rate cuts are priced out.
Goldman recommends buying Bank of America, Citigroup and Wells Fargo, while noting hedge funds are de‑risking, potentially curbing capital markets activity later.
U.S. stocks fell as investors awaited Middle East developments and the start of the Q1 2026 earnings season.