The Goldman Sachs Group, Inc. (GS) has been consistently present in the news. The company's financial performance shows strong first quarter 2024 earnings, exceeding market expectations. The stock price has been seesawing, with several instances of small gains recorded. Institutional investors hold significant ownership of GS, ranging from 63% to 71%. The financial giant experienced a record high in stock price since 2021 and has shown solid returns for investors over the years. Despite the bullish signals, there are concerns as some insiders appear to be offloading stock. There has also been scrutiny over the company's futures trading fees and its CEO's sizable compensation. Controversially, GS decided to shut down its diversity-driven investment program. Although GS performed impressively in 2023, there were some revenue sustainability concerns leading to a downgrade to 'Sell'. Even so, the company is planning to expand its private credit portfolio to $300 billion within five years.
Goldman Sachs Group GS News Analytics from Wed, 19 Jul 2023 07:00:00 GMT to Sun, 12 May 2024 09:36:10 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -2
