Goldman Sachs Asset Management has finalized its acquisition of Innovator Capital Management, adding Innovator's $31 billion in assets under supervision across 171 ETFs to its portfolio, now totaling 240 ETFs and $90 billion in assets. Innovator is known for its defined outcome options ETFs, which provide risk management and built-in protection, especially valuable amid recent market volatility. The acquisition aims to broaden the reach of these ETFs, which remain underutilized by many advisors despite their growing popularity. Innovator also continues to innovate with dual directional and floor ETFs, offering new strategies to manage market downturns and volatility, supported by Goldman Sachs' resources for future growth.
Goldman Sachs reported a strong Q2 with revenues up 39% year-over-year, led by a surge in equities trading (+72%) and equity underwriting (+130%) due to market volatility and an AI-driven IPO boom. Their Asset & Wealth Management division also saw $2...
Goldman Sachs reported robust Q2 FY2026 results, with net earnings growing at an annualized rate of 38%. The firm raised $31 billion in private credit and saw a 130% year-over-year surge in equity underwriting revenues, driven by major deals and IPO ...
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
