Goldman Sachs (GS) Moves to Expand Asset Management With $2 Billion Innovator Acquisition

The Goldman Sachs Group, Inc. (NYSE:GS) is included among the 14 Best US Stocks to Buy for Long Term.

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On December 1, The Goldman Sachs Group, Inc. (NYSE:GS) announced the acquisition of Innovator Capital Management, a defined result ETFs provider, for astir $2 billion. The woody is simply a portion of Goldman’s ongoing effort to standard up its plus absorption business. The acquisition is expected to finalize successful the 2nd 4th of 2026.

This measurement volition fortify The Goldman Sachs Group, Inc. (NYSE:GS)’ ETF options successful a fast-growing portion of the market. Defined-outcome ETFs utilize tools similar options to bounds imaginable losses and people circumstantial gains implicit a acceptable time. Innovator managed implicit $28 cardinal successful assets crossed 159 ETFs arsenic of September 30.

Goldman CEO David Solomon made the pursuing remark successful a quality merchandise announcing the deal:

“Active ETFs are dynamic, transformative, and 1 of the fastest-growing segments successful today’s nationalist concern landscape. By acquiring Innovator, Goldman Sachs volition grow entree to modern, world-class concern products.”

The rebound successful the acquisitions enactment astatine The Goldman Sachs Group, Inc. (NYSE:GS) reflects the leadership’s semipermanent goals to make unchangeable and recurring revenues and to interruption retired of concern banking and trading. In October, the slope besides acquired Industry Ventures for $1 cardinal and bought a involvement successful plus manager T. Rowe Price successful September.

The Goldman Sachs Group, Inc. (NYSE:GS) is an American multinational concern slope and fiscal services institution that offers a wide scope of related products and services.

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Disclosure: None.