The Goldman Sachs became a shorthand for The Establishment during a tense presidential showdown last year, but you wouldn’t know that by the company’s post-election performance. Despite many a populist campaign trail jab, the bank has benefitted by the Trump administration, whose cabinet includes a number of Goldman alumni not least among them U.S. Treasury Secretary Steve Mnuchin. After the ballots were counted, the company’s stock price rocketed, easing pressure on executives to cut costs. As of the publishing of this list, the bank’s stock price was still up 50% from its 2016 low around $141. Chief executive Lloyd Blankfein, back in the saddle after a cancer scare, has recently taken up Twitter, too. He posted his first ever Tweet in June, voicing his opposition to the President’s decision to abandon the international environmental pact known as the Paris Agreement.
Looking for leads, investment insights, or competitive intelligence?
News about Goldman Sachs Group
He says Ripple is a payments company, not a blockchain or cryptocurrency business.
A scenario similar to the dotcom bubble of the 90s could be in store for investors.
The move will cost Wells Fargo up to $400 million in profits.
Goldman won't benefit from tax cuts as much as its rivals will. Here's why.