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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100