Goldman Sachs - ETF Push And Earnings Beat Shape Near-Term Outlook
Goldman Sachs is expanding its asset management reach with a $2bn acquisition of Innovator Capital, enhancing its ETF and crypto-linked offerings. The company reported stronger-than-expected revenue, boosting its stock performance. The acquisition accelerates its product push in the U.S. and Europe, increasing competition in active ETF markets. Goldman Sachs' stock shows strong recovery, trading near its 52-week high, supported by a recent earnings beat. Analyst sentiment is positive, with a mean target price close to current levels, reflecting optimism about strategic initiatives and growth potential.
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