Recently, Zacks.com users have been paying close attention to Goldman (GS). This makes it worthwhile to examine what the stock has in store.
Goldman Sachs Group Inc is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments via blockchain technology. Bloomberg's Anna Irrera has the story.
GS plans to spin out GS DAP into an industry-owned solution while collaborating with TW to unlock new business opportunities for the platform.
Goldman Sachs Chairman David Solomon has reportedly predicted stronger capital raising under the next Trump administration. Solomon also said Tuesday (Nov. 19) that there will be a more robust merger and acquisition (M&A) environment under the new president.
As the United States moves into 2025 with Donald Trump back in the White House, Goldman Sachs has outlined a positive outlook for the year, drawing on the former president's book The Art of the Deal as a metaphor for market strategy. "Think Big": Trump's philosophy of bold ambition is tied to Goldman's emphasis on the "Magnificent 7" — major tech companies such as Apple, Amazon, and Tesla.
Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.
Goldman Sachs plans to spin out GS DAP, its blockchain-based platform for participants in digital capital markets, from its Digital Assets business. The financial institution plans to explore strategic opportunities to do so with the aim of GS DAP becoming an industry-owned distributed technology solution, it said in a Monday (Nov. 18) press release.
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Goldman (GS) reported earnings 30 days ago. What's next for the stock?
The Trump regime will hit European economic growth and reduce company earnings, though the continent's defense sector may prosper.
The announcement comes amid a flurry of dealmaking activity in the world's financial capital that has boosted profits at Goldman's lower Manhattan headquarters.
Goldman Sachs promoted 95 bankers to its elite partner ranks, including 26 women, the Wall Street giant said on Thursday.