Investment bank will book impact of 19 cents a share on third-quarter earnings as it narrows its consumer-banking focus
Goldman Sachs Group Inc. marked an end to a painful couple of years with the sale of its GreenSky consumer-lending unit to a private-equity consortium led by Sixth Street.
Upstart Holdings Inc.’s stock UPST, -1.36% was trading above $200 a share for most of 2021 and is now below $30. Block Inc.’s stock SQ, +1.50% is down 26% so far this year to around $47 a share, after trading well above $200 a share in 2021. Shares of Opendoor Technologies Inc. OPEN, +0.75% are up 131% this year, but that is still a fraction of their $20 price from thee years ago.
Goldman Sachs’s stock fell 0.6% in regular trading on Wednesday. The stock is down 25.5% in 2023, compared with a 2% year-to-date increase by the Dow Jones Industrial Average DJIA. Goldman Sachs is a component of the 30-stock index. Goldman Sachs said the sale of GreenSky will impact its third-quarter earnings by 19 cents a share, or about $62.6 million based on the number of outstanding shares of the investment bank.
Goldman Chief Executive David Solomon said the deal “demonstrates our continued progress in narrowing the focus of our consumer business,” according to a statement.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSkyGoldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm Sixth Street. The…
Baca lebih lajut »
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSkyGoldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm Sixth Street. The…
Baca lebih lajut »
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSkyGoldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm Sixth Street. The…
Baca lebih lajut »
Goldman Sachs sells GreenSky consumer-lending unit to Sixth StreetInvestment bank will book impact of 19 cents a share on third-quarter earnings as it narrows its consumer-banking focus
Baca lebih lajut »
Goldman Sachs Finalizes Deal to Unload Specialty Lender at Steep LossSale of GreenSky to group of investors marks critical step in Wall Street bank’s retreat from consumer lending
Baca lebih lajut »
Goldman Sachs breaks ground on $500M campus in DallasConstruction on the $500 million project is set to start later this year.
Baca lebih lajut »