Oddo BHF Asset Management Sas has invested in
Goldman Sachs Group Inc. (NYSE:GS) amidst market volatility. Meanwhile, Virtu Financial LLC has reduced its stake in the company. Despite a market dip, Goldman Sachs (GS) is considered one of the best cyclical stocks for economic recovery by
Morgan Stanley. Another notable development sees
Franklin Resources Inc. acquiring shares in GS. GS has the attention of institutional investors controlling 71% of the company, particularly after its stock increased 4.1% last week. A few entities such as
TD Private Client Wealth LLC and
Geode Capital Management LLC are, however, reducing their stock positions in the company. GS is eyeing the possibility of Bitcoin, Ethereum spot trading subject to regulations. There has been a series of fresh stake additions and reductions with regard to GS. The corporation recently attained a license for
China fund sales, hinting at its expansion strategies. However, Goldman Sachs' decision to exit the global climate coalition for banks has raised eyebrows. Despite this, investors in the company have seen a return of 171% over the past five years. CEO David M. Solomon makes news for selling 6,550 shares. Interestingly, Goldman Sachs is contemplating spots within bitcoin, ether markets provided regulators permit.
Goldman Sachs Group GS News Analytics from Fri, 15 Mar 2024 07:00:00 GMT to Sat, 14 Dec 2024 12:11:57 GMT -
Rating 0
- Innovation 5
- Information 8
- Rumor 3
