Tuesday, 07 January 2020 11:46

Goldman is Going Transparent to Boost Its Stock

Written by
Rate this item
(1 Vote)

(New York)

In a move that seems highly in contrast to its nature (or at least its “old” nature), Goldman Sachs is changing the way it reports its earnings as part of an effort to be more transparent. The bank is not doing this because of some general high-mindedness, but rather so that investors can better grasp the progress it is making in its various divisions, including in consumer finance. That area includes its new consumer savings and online lending unit—Marcus—as well as its new credit card venture with Apple.

FINSUM: This seems like a smart play and we could see this as a catalyst for Goldman to break out of its long-term stock stagnation.

Read 388 times

Contact Us



Subscribe to our daily newsletter

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…