Goldman sachs latest news

Here are some of the latest news and updates from Goldman Sachs:

Recent News

  1. Goldman Sachs to Acquire General Motors' Financial Services Unit: Goldman Sachs has agreed to acquire General Motors' financial services unit, GM Financial, for $2.4 billion. The deal is expected to close in the second half of 2023. (Source: Bloomberg)
  2. Goldman Sachs Reports Strong Q1 Earnings: Goldman Sachs reported strong first-quarter earnings, with net income rising 12% to $3.35 billion. The bank's revenue also increased 10% to $12.6 billion. (Source: CNBC)
  3. Goldman Sachs Launches New Digital Banking Platform: Goldman Sachs has launched a new digital banking platform, called Marcus by Goldman Sachs, which offers high-yield savings accounts and personal loans. (Source: The Wall Street Journal)
  4. Goldman Sachs to Invest in Indian Fintech Startup: Goldman Sachs has invested in Indian fintech startup, Paytm, as part of a $1 billion funding round. (Source: Reuters)
  5. Goldman Sachs to Launch New Cryptocurrency Trading Desk: Goldman Sachs is planning to launch a new cryptocurrency trading desk, which will allow clients to buy and sell cryptocurrencies such as Bitcoin and Ethereum. (Source: Bloomberg)

Recent Developments

  1. Goldman Sachs' CEO David Solomon to Step Down: David Solomon, the CEO of Goldman Sachs, has announced that he will step down from his role in September 2023. (Source: The New York Times)
  2. Goldman Sachs to Reduce Carbon Footprint: Goldman Sachs has announced plans to reduce its carbon footprint by 50% by 2025, as part of its efforts to combat climate change. (Source: The Financial Times)
  3. Goldman Sachs to Launch New Sustainable Investing Platform: Goldman Sachs is launching a new sustainable investing platform, which will allow clients to invest in companies that meet certain environmental, social, and governance (ESG) criteria. (Source: Institutional Investor)
  4. Goldman Sachs to Expand Operations in China: Goldman Sachs is planning to expand its operations in China, with plans to hire more staff and open new offices in the country. (Source: The South China Morning Post)
  5. Goldman Sachs to Launch New Digital Asset Management Platform: Goldman Sachs is launching a new digital asset management platform, which will allow clients to invest in digital assets such as cryptocurrencies and tokens. (Source: Coindesk)

Recent Analyst Coverage

  1. Goldman Sachs Upgraded to Buy by Analysts: Goldman Sachs has been upgraded to a "buy" rating by analysts at JPMorgan Chase, citing the bank's strong earnings and improving profitability. (Source: The Street)
  2. Goldman Sachs Downgraded to Neutral by Analysts: Goldman Sachs has been downgraded to a "neutral" rating by analysts at Morgan Stanley, citing concerns over the bank's valuation and profitability. (Source: CNBC)
  3. Goldman Sachs' Stock Price Target Raised: Goldman Sachs' stock price target has been raised by analysts at Deutsche Bank, who now expect the bank's shares to reach $350 in the next 12 months. (Source: The Financial Times)