Stock Market News
Goldman Sachs initiating sale of fintech unit GreenSky
2023.04.18 10:23
© Reuters. FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo
(Reuters) – Goldman Sachs Group Inc (NYSE:) is starting a process to explore the sale of GreenSky, its fintech unit, the bank’s chief executive officer, David Solomon, said on Tuesday.
“We believe GreenSky is a good business and is performing well with first quarter originations in our core home improvement loans, up over 25% year-over-year and a weighted FICO on total originations of over 780. Given our current strategic priorities, however, we may not be the best long-term holder of this business”, Solomon told analysts in a call on Tuesday.
