Goldman (GS) Considers Selling PFM, To Focus on Ultra-Rich
Goldman (GS) is considering the sale of PFM, part of its wealth management business, to focus on its ultra-high-net-worth clients. It plans to scale back its ambitions to serve mass consumers.
The AI boom will power 2 big stock market trades over the next decade, Goldman Sachs says
The first AI trade has already unfolded in the stock market as investors bid up the "enablers" like Nvidia. But there's a second, long-term AI trade to be had in the stock market, according to Gold...
A US government shutdown looks likely, and it'll hit stock and the economy, Goldman Sachs says
A US government shutdown is more likely than not to happen in 2023, Goldman Sachs warned. Lawmakers have been sparring over government spending and are unlikely to agree on a budget in time.
Nvidia may be the AI stock for now, but here are the picks for later, says Goldman Sachs
Wall Street looks ready to build on Monday's gains, the first in five sessions for the S&P 500 SPX and Nasdaq Composite COMP. That's as expectations build around Nvidia, which has had a lackluster ...
Goldman Sachs mulls sale of investment advisory unit — undoing David Solomon strategy
The Wall Street investment giant is looking to offload its Personal Financial Management unit, which manages around $29 billion in assets.
Goldman Sachs plans to keep investment advice to super-rich, opts to sell PFM unit
Goldman Sachs (NYSE:GS) is hoisting the ‘for sale' sign over its PFM business, previously United Capital Financial Partners, bought in 2019, as the Wall Street banking giant takes its latest strate...
Goldman Sachs may sell unit with $29 billion in assets
The New York bank said it's putting its Personal Financial Management unit — which has $29 billion in assets — on the block.
August's stock option expiry to add spice to Friday's trading
The expiry of August's stock-market options could add some spice to Friday's trading session already reeling from global events and fears of rising interest rates. US stock option contracts with a ...
Better Buy: Goldman Sachs or Morgan Stanley
Goldman Sachs generates about two-thirds of its revenue from investment banking. Morgan Stanley has a more diverse revenue stream.
Goldman Sachs Plans Hiring Spree Amid Fed Scrutiny
Goldman Sachs is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to people with knowledge of the matter, who asked not to b...
Lloyd Blankfein says he 'can't imagine' returning to Goldman Sachs
Blankfein, a former CEO of Goldman Sachs, pushed back on a report saying he had offered to return to the firm to help current CEO David Solomon.
Goldman Sachs under scrutiny following a wave of troubling articles
CNBC's Hugh Son joins 'Power Lunch' to weigh in on the negativity following Goldman Sachs.
Goldman CEO Solomon's Leadership Under Scrutiny
There have been concerns about Goldman's consumer banking effort and questions around David Solomon's leadership as CEO. But a New York magazine article over the weekend took this all a step furthe...
Goldman CEO David Solomon faces criticism at bank amid struggles: report
Goldman Sachs Group Inc. CEO David Solomon's management style has been drawing criticism from within the company as the bank's stock price has lagged its peers, according to a New York Times report.
Mike Mayo Says 'Upset' Traders Behind Disquiet Talk at Goldman
Veteran analyst Mike Mayo, a managing director at Wells Fargo, says Goldman Sachs Group traders that are "going to the press" after seeing a decline in pay are fueling talk of discontent at the fir...
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