Goldman Sachs Divests GreenSky Platform To Sixth Street-Led Consortium, Anticipates Earnings Impact In Q3
Portfolio Pulse from Nabaparna Bhattacharya
Goldman Sachs Group, Inc. (NYSE:GS) is selling the GreenSky platform and associated loan assets to a consortium led by Sixth Street, which includes KKR & Co. Inc. (NYSE:KKR), Bayview Asset Management, and CardWorks. The sale is expected to result in a $(0.19) earnings per share impact on Goldman Sachs' Q3 earnings. Goldman Sachs will continue to operate the platform and record ongoing business results.
October 12, 2023 | 12:22 pm
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NEUTRAL IMPACT
KKR & Co. Inc. is part of the consortium led by Sixth Street that is acquiring the GreenSky platform from Goldman Sachs.
As part of the consortium acquiring the GreenSky platform, KKR & Co. Inc. could potentially see some impact, although the extent of this is unclear based on the information provided.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Goldman Sachs is selling the GreenSky platform, which will impact its Q3 earnings by $(0.19) per share.
The sale of the GreenSky platform will directly impact Goldman Sachs' Q3 earnings, which could negatively affect the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100