Tagged: marcus

Goldman Sachs Shares Move Higher as Earnings Top Expectations, Marcus Adds More than 3 Million Users

Marcus Goldman Sachs

Goldman Sachs (NYSE:GS), the words most prominent investment bank and aspiring global Fintech, announced Q1 earnings today that topped estimates. Goldman reported net revenues of $12.93 billion and earnings of $3.94 billion or an EPS of $10.76. Estimates had pegged EPS at $8.89. During the… Read More

Apple Predicted to Move Deeper into Fintech

Apple Store Soho New York City

A report from earlier today should come as no surprise as it is being predicted that Apple (NASDAQ:APPL) will move deeper into digital financial services or Fintech. According to Bloomberg, a person with knowledge of the matter said that Apple is building its own payments… Read More

Highline Launches With $4.5M Seed Funding to Link Consumer Bills to Payroll

Expenses Receipts Bills Payment Time

Highline, a payroll-linked bill payment method, launched this week with $4.5 million in seed funding led by Foundation Capital and Costanoa Ventures. The company said its goal is to enable Americans to take control of their finances based on their income rather than their credit… Read More

What’s Up with BNPL? Banking as a Service? Timothy Li of Alchemy Explains

iPhone X Money Dollars Dreamy

Buy now, pay later (BNPL) is a red hot sector of Fintech. Combine this with banking as a service (BaaS) and you see two dominant trends in the transition from legacy banks to Fintech everywhere with embedded services and on-demand finance. Research and Markets predicts… Read More

Goldman Sachs Beats Estimates, Consumer and Wealth Management Tops $2 Billion, Shares Rise

Marcus Goldman Sachs

Goldman Sachs (NYSE:GS) a global investment bank and fast-growing Fintech firm, has reported Q3 financial results and business is good. According to Goldman, during the first nine months of 2021, the company generated net revenues of $46.70 billion along with net earnings of $17.70 billion… Read More

JP Morgan Expected to Launch New Digital Bank Next Week

JP Morgan London UK

JPMorgan Chase (NYSE: JPM) revealed many months ago its intent to launch a new digital bank in the UK. Today, there are reports the digital bank under the Chase brand will launch next week. In January of 2021, JPM said it wanted to provide UK… Read More

Goldman Sachs Tops Earnings Expectations [u]

Goldman Sachs Consumer and Wealth Management Revenue Q2 2021

Goldman Sachs (NYSE:GS) has posted Q2 earnings that have topped expectations. Goldman CEO and Chairman David M. Solomon issued the following statement: “Our second-quarter performance and record revenues for the first half of the year demonstrate the strength of our client franchise and our continued… Read More

Report Claims Workers at Marcus, Part of Goldman Sachs, Are Exiting Due to Excessive Hours

asleep tired fatique boredom face down

Coming off the heels of a report that some Goldman Sachs (NYSE:GS) junior bankers are fed up with extreme workloads, a new report claims that workers at Marcus, the digital banking subsidiary of Goldman, are exiting the firm due to the long workdays and intense deadlines… Read More

Goldman Sachs Will Soon Offer Client Access to Digital Assets, Bitcoin: Report

Marcus Goldman Blocks

Goldman Sachs (NYSE:GS) is expected to soon allow investing in digital assets according to a report by CNBC. The report mentions Mary Rich, Global Head of Digital Assets at Goldman Sachs, as stating the bank will offer a “full-spectrum” of digital assets including Bitcoin, other… Read More

Marcus Executive Moves to Walmart. New Digital Bank in the Works?

Omer Ismail Marcus LendIt Fintech 2018

Marcus executive Omer Ismail has left Goldman Sachs (NYSE:GS) for Walmart (NYSE: WMT), according to a report in Bloomberg. Marcus has emerged as a top digital bank in the US growing rapidly in both users and services provided minus bank branches. The report states that… Read More

Goldman Sachs Partner and Head of Product Adam Dell Leaves Leadership Role on Marcus as Bank Changes Consumer Business Strategy

Adam Dell in New York City Clarity Money

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

Goldman Sachs Tops Earnings Expectations, Marcus Banking Net Revenues Significantly Higher – Deposits End Year at $97 Billion [u]

Abe Lincoln Eyes Watch Look Dollar Money

Goldman Sachs (NYSE:GS) has released Q4 earnings topping expectations with top-line revenue ahead of anticipated results. Shares in Goldman rose slightly in pre-market trading. Goldman has traded significantly higher since the beginning of 2021. Earnings per share for Q4 came in at $12.08 with full-year… Read More

More Digital Bank Services: Marcus Partners with Marqeta on Checking Accounts

Marcus Goldman Sachs

Top Fintech Marqeta has partnered up with digital bank Marcus to offer digital checking accounts expected to be available to users later this year. Marcus is the retail digital bank created by Goldman Sachs (NYSE:GS). Initially launched as an online lending platform, Marcus has emerged… Read More

Stripe Treasury to Allow Customers to Embed Financial Services, Offers Banking as a Service, Will Include Interest Bearing Accounts

Bank Banking First National Bank

In another nail in the coffin of brick and mortar banking, Stripe has announced Stripe Treasury, a platform that will allow users to leverage APIs to embed or leverage financial services such as savings accounts. In an extensive announcement Stripe said it was also partnering… Read More

Goldman Sachs Crushes Earnings, Consumer Banking and Wealth Management Book Record Net Revenues [u]

neyber

Goldman Sachs (NYSE:GS) blew the doors of its earnings report this morning as it announced net revenues of $10.78 billion and a record quarterly diluted earnings per share (EPS) of $9.68 and annualized ROE of 17.5%, the highest quarterly ROE since 2010. Wall Street had… Read More

Goldman Sachs: Marcus Adds “Insights,” Provides Aggregated View of Outside Accounts

Marcus on iPhone App

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

Goldman Sachs Reports Consumer Deposits Rocket by $20 Billion During Solid Q2

Marcus Goldman Blocks

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

As Marcus UK Pauses New Accounts, Flagstone Says We are Open For Business, Offering High Interest Rate Savings Accounts

UK British Pound Money

“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

Goldman Sachs’ Digital Bank Marcus to Provide Credit to Amazon Sellers

Amazon Box Shipping Delivery

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

Deposits at Marcus Increased by $26 Billion in Q1 versus Same Quarter Last Year, Meanwhile Robo-Advisor is Delayed

Marcus Goldman Steam

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

Send this to a friend