Motley Fool Money “Focus on the Fastball”
Jan 16, 2024
Jason Moser, an investment analyst at The Motley Fool, joins Robert Brokamp, an expert in financial advising, to dive into the latest earnings season. They discuss Goldman Sachs’ strategic pivot back to wealth management and the challenges facing Adidas amidst brand revitalization. The conversation touches on investment strategies, including the merits of lump-sum vs. dollar-cost averaging. Listeners also get valuable insights on leveraging 401k plans and ABLE accounts for smarter retirement planning.
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Goldman Sachs Earnings
- Goldman Sachs saw a 50% earnings increase year-over-year, partially due to lower loan loss provisions.
- This is money released back into the system when economic conditions improve.
Goldman Sachs Refocuses
- Goldman Sachs is shifting its focus back to asset and wealth management, its core competency.
- Their consumer banking efforts, like Marcus and the Apple Card, failed to gain traction.
Tepid Investor Response
- Despite exceeding expectations, Goldman Sachs' stock saw a tepid reaction.
- Investors question the deal environment and the bank's leadership.