Tag: SRIDHAR NATARAJAN
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Goldman Sachs Reports $472 Million Gain Amid Strategic Shift Away from Legacy Investments
Goldman Sachs achieved a remarkable $472 million in its fourth quarter from historical principal investments, primarily due to significant gains in equity linked to its balance sheet. The bank is gradually moving away from such investments to stabilize earnings through fee-based services. Despite this, favorable market conditions allowed legacy investments to generate substantial returns, exceeding…