Goldman Sachs CEO Says Bank Will Continue To Buy Back Stock
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO has announced that the bank will continue to buy back its own stock. This move is expected to boost the bank's share price.

October 17, 2023 | 2:20 pm
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Goldman Sachs' decision to continue buying back its own stock is likely to increase the demand for its shares, potentially leading to a rise in its share price.
Stock buybacks reduce the number of shares available in the market, which can increase the demand for the remaining shares and potentially boost the share price. As such, Goldman Sachs' decision to continue its stock buyback program is likely to have a positive impact on its share price.
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