Here's Why You Should Hold Goldman (GS) in Your Portfolio Now

The Goldman Sachs Group, Inc. (GS) is well poised for growth as it is focusing on its core businesses. The company’s steady capital distributions and solid balance sheet position augur well. However, elevated costs are major headwinds.Goldman is refocusing its business on its core strengths of investment banking (IB) and trading, while reducing its consumer banking footprint. In fourth-quarter 2023, it sold its Personal Financial Management unit to Creative Planning. Further, during the quarter, it sold the ...