Tagged: marcus

September 14, 2020 @ 11:20 am By JD Alois  |  

Marcus, the digital-only bank offered by Goldman Sachs (NYSE:GS), has launched a new service to generate more value for its users. According to a note from the firm, Marcus Insights will enable users to link external accounts from thousands of institutions to get personalized insights… Read More

July 15, 2020 @ 7:58 am By JD Alois  |  

Goldman Sachs (NYSE:GS), the top global investment bank, is out with Q2 numbers and they are pretty good. Earnings per share (EPS) were reported at $6.26 – a big beat versus what the street was anticipating. During the quarter, net revenues came in at $13.30… Read More

June 12, 2020 @ 9:04 am By JD Alois  |  

“Smart cash platform” Flagstone has distributed a note stating it is “business as usual” in offering new accounts for cash savings with higher interest rates. Flagstone is promoting its service while another digital savings provider, Marcus UK, has announced that it has pushed pause on… Read More

June 11, 2020 @ 11:41 pm By JD Alois  |  

Marcus, the digital-only bank created by Goldman Sachs (NYSE:GS), is extending its reach further in a new partnership with Amazon (NASDAQ:AMZN). According to CNBC, Amazon merchants, independent sellers using the Amazon marketplace, will be invited to access credit provided by Marcus with rates ranging from… Read More

May 29, 2020 @ 1:06 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has been in the Fintech news quite a bit as of late. Recently, Goldman upset Bitcoin lovers because the global investment bank claimed the world’s most popular crypto was “not an appropriate asset class” along with all other cryptocurrencies. At one point… Read More

February 10, 2020 @ 1:00 pm By JD Alois  |  

The Federal Deposit and Insurance Commission (FDIC), the US regulatory agency that provides vital deposit insurance for millions of account holders in the US, has given the green light to Varo Money – a digital-only bank. The Office of the Comptroller of the Currency (OCC),… Read More

February 4, 2020 @ 4:22 pm By JD Alois  |  

Marcus by Goldman Sachs (NYSE:GS), a digital bank serving customers in the US and UK, is expected to play a significant role in the future of the world’s most successful investment bank. During the recent Investor Day, Goldman outlined its vision for both corporate and… Read More

January 29, 2020 @ 10:20 am By JD Alois  |  

Goldman Sachs Group (NYSE: GS) presented the firm’s vision for the future today in an Investor Meeting that charted the roadmap for the bank over the next few years. Goldman said the investor day reflects their ongoing commitment to providing the market with a “clear… Read More

January 16, 2020 @ 10:30 am By JD Alois  |  

Digital-only bank Marcus, part of Goldman Sachs (NYSE:GS) was recently announced after a several year delay. The app is now available on the Apple App store with Google Play availability this spring. Marcus is the first digital-only bank to have a federal charter in the… Read More

January 15, 2020 @ 8:49 am By JD Alois  |  

Goldman Sachs (NYSE:GS) is out with Q4 earnings reporting good topline numbers with a miss on the bottom line. Shares are trading marginally lower in pre-market activity. Goldman’s net revenues for the year ending December 31st came in at $36.55 billion with net earnings of… Read More

January 13, 2020 @ 2:26 pm By Samantha Hurst  |  

Goldman Sachs (NYSE: GS) has launched a mobile app for its digital banking service, Marcus.  The fact that such a prominent entrant into the digital bank sector has existed minus an App has long been a shortcoming of the Fintech. Goldman Sachs spokeswoman, Kristen Greco,… Read More

January 7, 2020 @ 3:01 pm By JD Alois  |  

Goldman Sachs  (NYSE: GS), the leading global investment bank, will be segmenting out its business operations in the upcoming Q4 earnings report scheduled for January 15, 2020. This will include breaking out its emerging consumer division, a portion of its business that includes its digital… Read More

November 14, 2019 @ 8:28 am By Omar Faridi  |  

New York-based investment bank Goldman Sachs’ consumer banking division, Marcus, is reportedly expanding its operations to include investment-related services in the UK. Marcus is introducing a new stock trading and ISA vehicle, which will be supported by digital wealth manager Nutmeg. The ISA will be… Read More

November 4, 2019 @ 12:24 pm By JD Alois  |  

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… Read More

November 2, 2019 @ 1:48 pm By JD Alois  |  

A report published by Bloomberg yesterday states that Goldman Sachs (NYSE:GS) has extended $10 billion in credit and 736 million in loan balances pertaining to the Apple Card, as of September 30th. The same report also states that following the rollout of the Apple Card,… Read More

October 15, 2019 @ 9:17 am By JD Alois  |  

Goldman Sachs (NYSE:GS) revealed Q3 earnings this morning. The conference call is scheduled for 11AM ET today. Results were good but not great as earnings missed estimates. Shares declined in pre-market trading. Buried within the presentation is the fact that Goldman Sachs now claims $55… Read More

July 30, 2019 @ 5:36 pm By JD Alois  |  

Following a solid top and bottom-line beat for the Q3 earnings report, Apple CEO Tim Cook confirmed that Apple Card, the credit card crafted in partnership with Goldman Sachs, will launch in August. Apple Card is an extension of Apple Pay and the Apple Wallet…. Read More

July 18, 2019 @ 2:56 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) issued its Q2 earnings report this past Tuesday (July 16). Goldman’s shares moved higher following the release after beating expectations on both the top and bottom lines. Goldman also announced an increase in the capital return program including an increase in the… Read More

July 16, 2019 @ 8:19 am By JD Alois  |  

Raisin, a Germany-based Fintech that has rapidly grown in popularity across the continent, has received a €25 million from Goldman Sachs. Raisin announced its intent to cross the Atlantic this past May and enter the US market. Raisin is a Fintech that enables savers to… Read More

June 8, 2019 @ 12:38 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) CEO David Salomon reportedly told an audience last week that his company is getting zero credit for its digital bank startup Marcus. “If we were out in Silicon Valley and made 20% of the progress that we’ve made, we would get a… Read More