Bitcoin was trading around $46,073 on Wednesday, having struggled to make gains after falling sharply in early December. In November, it had hit an all-time high of $69,000. Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note … Read more
Amex and Goldman Sachs are linking up on a new business-payments feature. The firms are linking their data and offering combined payments processing for large corporations. It’s an effort to combine fragmented payments and accounts together in one place. American Express and Goldman Sachs are teaming up in the hopes of simplifying how the world’s … Read more
A Goldman Sachs executive has reportedly quit after making millions of dollars from dogecoin, according to eFinancialCareers. Goldman Sachs and the former employee did not immediately respond to Insider’s request for comment. Sources cited in the report said he may be starting a hedge fund. Sign up here for our daily newsletter, 10 Things Before … Read more
One of the most important questions for investors in 2021 is how to bet on the ongoing economy recovery – even if its course looks uncertain right now. Goldman Sachs is giving its answer. Chief US Equity Strategist David Kostin says he expects success for companies with high operating leverage, or the companies that will experience … Read more
The Snap Analyst: Heath Terry maintained a Buy rating on Snap shares and increased the price target from $47 to $70. The Snap Thesis: A number of tech innovations and product partnerships Snap has announced since it reported third-quarter results Oct. 20 and a favorable macroeconomic backdrop increase the likelihood of above-consensus revenue growth in … Read more
Equity allocations have rebounded to their highest levels in two years at 47% of total financial assets, just below the tech bubble peak, which sat at 51%, said Goldman Sach’s equity analyst Arjun Menon in a recent client note. Menon and his colleagues in the portfolio strategy research team released a new report exploring existing … Read more
Female managers remain woefully under-represented in the fund industry, but they’re doing a better job picking stocks than their male counterparts, at least this year. Among some 500 large-cap US mutual funds, those with at least one-third of manager positions held by women have beaten those with no women by 1 percentage point in 2020, … Read more