by Amruth Sundarkumar | Sep 16, 2021 | Banks
Goldman Sachs Group has entered into a definitive agreement with GreenSky to acquire the latter in an all-stock deal valued at ~$2.24bn. GreenSky, the largest fintech platform for home improvement consumer loan originations, helps banks to provide loans to super-prime...
by Amruth Sundarkumar | Aug 20, 2021 | Banks
Goldman Sachs’ Asset Management (GSAM) agreed to acquire the investment management unit of Dutch insurance company NN Group for approximately €1.6bn ($1.9bn). This is Goldman’s largest acquisition since 2018. The deal for NN Investment Partners, which...
by Amruth Sundarkumar | Jul 26, 2021 | Corporates
Insurance and investment management company NN Group (NN) has seen interest from Goldman Sachs Asset Management (GS) and Germany’s DWS, as both are preparing bids for the Dutch insurer’s investment management arm. The deal price is said to be around €1.4bn ($1.6bn)....
by Amruth Sundarkumar | Jul 14, 2021 | Banks
US banks kicked-off the earnings season with strong results from JPMorgan and Goldman Sachs on Tuesday: JPMorgan reported a net income of $11.9bn in Q2, up over 2.5x YoY from $4.7bn a year earlier. Both EPS and revenues also beat expectations coming in at $3.78/share...
by bondevalue | Apr 15, 2021 | Financial Institution Bonds, Investment Grade Bonds
JPMorgan kicked-off the US financials Q1 earnings season reporting revenues of $32.3bn, up 14% vs. the same period last year. Net income came in at $14.3bn, up 5x YoY predominantly driven by credit reserve releases of $5.2bn compared to credit reserve builds of $6.8bn...
