3 Reasons to Consider Owning Goldman Sachs
The recent 1MDB scandal, management changeup, and newly developed credit card partnership with Apple Inc have sparked conversations about the prized investment bank, Goldman Sachs (NYSE: GS). After seeing the second-quarter results, upcoming growth potential within the company, and newly established management team, Goldman Sachs has the potential to grow beyond expectations.
If you don't believe me, then ask Warren Buffett. Due to the fast-growing segment within Goldman, Buffett increased Berkshire Hathaway's holdings 21% in 2018 to 18.3 million shares. Currently, Berkshire has a portfolio value of $3.7 billion, which accounts for 1.8%of Berkshire Hathaway's portfolio and a 5.1% stake in Goldman.
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Source Fool.com
