Goldman Sachs Group Inc GS

Alternate Symbol(s): GS.PR.A | GS.PR.C | GS.PR.D | N.GS

The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.

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Goldman Sachs Group Inc

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Post by AwareInvestoron May 22, 2022 9:16am

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Post# 34700985

Analysis: Goldman Sachs Warns of Inflation, Recession

Goldman Sachs Senior Chairman Lloyd Blankfein was making the media rounds this past week, warning that companies and consumers ought to brace for a recession. It’s a message that echoes a report in which Goldman’s inflation calculations led to a cut of its GDP growth forecast for 2022 from 2.6% to 2.4%, and from 2.2% to 1.6% for 2023. Blankfein and Goldman frames it as a “necessary growth slowdown,” to help reduce inflation back down towards the Fed’s 2% target by tempering wage growth.

https://thedeepdive.ca/analysis-goldman-sachs-warns-of-inflation-recession/

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