For the second time this week, a major Wall Street firm has sounded alarms about the prospects of the banking industry.

Goldman, Sachs & Co., among Wall Street's leading bulls for five years, lowered its overall investment opinion of the industry. The move prompted a sharp selloff and may mark a turning point for bank stocks, which were soaring.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.