Goldman Sachs Weighs Sale For Part Of Its Wealth Business
Portfolio Pulse from Charles Gross
Goldman Sachs is considering selling a part of its wealth business, according to a Reuters report. The move is part of the bank's strategy to focus more on serving the ultra-rich.

August 21, 2023 | 11:49 am
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Goldman Sachs is considering selling a part of its wealth business. This could potentially impact the company's revenue and stock price.
The sale of a part of Goldman Sachs' wealth business could lead to a short-term decrease in revenue, which might negatively impact the stock price. However, the long-term impact could be positive if the move allows the company to better serve the ultra-rich and increase profitability.
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