Goldman Sachs has bid $2.25 billion to acquire privately held NEOS Investments, a covered call ETF specialist. The article argues the deal alone is unlikely to lift the stock back to its July 15 record close of $1,146.65, since the $881.26 close on Oct. 16 would need a 30.1% rally and the company's market value is near $270 billion. Goldman Sachs Asset Management oversees $3.3 trillion, but asset and wealth management brought in just $5.1 billion of the bank's $18.7 billion third-quarter revenue, with investment banking and trading still the main drivers. NEOS's assets have grown from $30 billion at the August announcement to $36.5 billion, and the article calls it a smart acquisition that should pay off over the long term.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related news
- Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
Seven more companies, including Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital, have objected to their shares trading on OKXICE TSV, according to an updated notice dated Oct. 19. The total number of objecting issuers is now 16, up from nine in the Oct. 15 notice, and neither notice gives reasons. OKXICE TSV is a planned tokenized stock venue from OKX and Intercontinental Exchange, set to run 24/7 on Uniswap v4 pools on XLayer and settle trades in USDC and USDT. The updated notice also allows tokenized shares from the issuers themselves, not only third parties, and the venue will operate under the SEC's innovation exemption without being subject to Regulation NMS.
- Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s and Western Digital have objected to their shares trading on OKXICE TSV, according to an Oct. 19 notice. The total number of objecting issuers rose to 16 from nine in the venue’s Oct. 15 notice, though neither notice gives reasons. The updated notice also says the venue may offer stocks tokenized by the issuers themselves, not only by third parties. OKXICE TSV is a planned 24/7 tokenized stock venue from OKX and ICE, running on Uniswap v4 pools on XLayer with stablecoin settlement under the SEC's innovation exemption. Nasdaq, which has its own tokenized securities pilot, said it will opt its shares out of the exemption.
- Bank of America vs . Goldman Sachs : Which Financial Stock Is a Better Buy in 2026 ?
Bank of America (BAC) and Goldman Sachs (GS) are compared as two financial stocks with different strategies: BAC serves roughly 70 million consumers and small businesses through thousands of financial centers, while GS focuses on investment banking and global markets and is narrowing its consumer-focused businesses. In fiscal 2025, BAC's revenue was nearly $191.6 billion, down about 0.5%, while GS's revenue was about $125.1 billion, down 1.4%. The article notes regulatory pressure for BAC, including a $1.2 billion charge in 2026, and reliance on market activity for GS, which recently reached a $500 million shareholder-litigation settlement. It describes BAC as the more value-oriented choice based on lower forward P/E and P/S ratios, and says GS has outperformed BAC and the S&P 500 in its chart.
- Bank of America vs . Goldman Sachs : Which Financial Stock Is a Better Buy in 2026 ?
The article compares Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) as financial stock options for 2026. BAC serves roughly 70 million consumers and small businesses through its branch network, with fiscal 2025 revenue of about $191.6 billion, down roughly 0.5%, and net income near $30.5 billion. Goldman Sachs oversees close to $3.6 trillion in assets and reported fiscal 2025 revenue of about $125.1 billion, down 1.4%, and net income near $17.2 billion, while it exits consumer credit partnerships such as the Apple card program. Goldman's free cash flow was negative $47.2 billion, versus about $12.6 billion for BAC, and its debt-to-equity ratio was roughly 4.9 compared with about 1.2 for BAC. Both face regulatory and market risks, including BAC's $1.2 billion charge in 2026 and Goldman's $500 million shareholder litigation settlement, and the article describes BAC as the more value-oriented choice based on lower forward P/E and P/S ratios.
- Microsoft, Alphabet and Goldman Sachs join objections to OKX-ICE tokenized stock trading
- It’s a rough housing market, and Goldman Sachs expects it to get worse
Related markets
Latest news
- Why Is 3M (MMM) Stock Rocketing Higher Today
3M (NYSE: MMM) rose 5.2% in the afternoon session after reporting third-quarter 2026 GAAP sales of $6.6 billion, adjusted organic sales growth of 3.3%, adjusted EPS of $2.50, and an adjusted operating margin of 26.2%. The company raised its full-year 2026 adjusted EPS guidance to $9.10–$9.15 and expanded its commercial relationship with Amazon for optical connectivity and data center products, granting Amazon a warrant for up to 3.2 million shares tied to $6 billion in cumulative sales over seven years. The shares closed at $171.50, up 5.9%. The article notes 3M's shares are not very volatile, with only 4 moves above 5% in the past year, and the stock is up 6.1% year to date, near its 52-week high of $183.78 from August.
- This Nuclear Stock Could Be Your Ticket to Millionaire Status -- and It Didn't Even Need to Build a Reactor First
The article highlights Centrus Energy (LEU), a producer of high-assay low-enriched uranium (HALEU) that small modular reactors need, which the company calls the only HALEU enricher in the Western World. Centrus reported a $4.5 billion backlog of LEU and HALEU sales commitments in an August investor presentation. With a $2.4 billion market cap, the author suggests the stock could grow tenfold to above $20 billion, compared with Cameco's $35 billion market cap, so a $10,000 investment could be worth a million dollars. The article also notes that it is impossible to say for sure whether the stock will flourish.
- Netflix Cut Its Ad Revenue Forecast by $300 Million. Does That Matter More Than Its Earnings Beat?
Netflix reported third-quarter results after the Tuesday close, with revenue up 11.8% to $12.87 billion in line with expectations and EPS rising from $0.59 to $0.87, beating estimates of $0.82. Revenue growth was the slowest in three years and engagement remained weak, sending the stock down 6% after hours. The company cut its full-year ad revenue forecast from $3 billion to $2.7 billion, blaming a slightly slower-than-expected rollout of some ad product capabilities. Its fourth-quarter guidance of $13.44 billion in revenue (up 11.5%) and $0.67 EPS fell below consensus of $13.52 billion and $0.73. Advertising makes up less than 6% of the $51.1 billion revenue the company expects this year, but the article argues it remains a key part of the growth story.
- CEO Elon Musk Just Gave SpaceX Investors Great News
SpaceX reported third-quarter revenue of $14.6 billion (up 161%) and net income of $4.4 billion, versus a $1.1 billion net loss a year earlier, with adjusted EBITDA of $8.8 billion (up 306%), all above analyst expectations. Its Super Intelligence (SI) unit posted revenue above $7.5 billion, beating estimates by over $1 billion, while Starlink subscribers grew by 1.6 million to 13.6 million. Total capital expenditures were nearly $19.6 billion, with $16.4 billion allocated to SI. Musk expects compute capacity of 2.5–3 GW by year-end, up from 1.7 GW, says he feels confident of bringing another 10 GW online in 2027, and expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027. Shares climbed nearly 5% in after-hours trading.
- Amazon vs Alphabet: Which "Magnificent Seven" Stock Is the Better Buy Right Now?
The article compares Amazon (AMZN) and Alphabet (GOOGL, GOOG), two of the world's most valuable companies. Alphabet's valuation is around $4.1 trillion versus Amazon's $2.8 trillion, but Amazon's revenue over the past four quarters, $776 billion, is much larger than Alphabet's $446 billion. Alphabet generated $148 billion in operating profit at a 33% margin, while Amazon's operating margin averaged just 12% over the past 12 months. Amazon's forward P/E is nearly 24, above the S&P 500 average of 19, while Alphabet's is just under 22, and the author concludes Alphabet is the better buy.
- Unmaking of Europe : How a global power lost its way
The article argues that European countries have lost their central role in shaping international politics, along with their dominance in productivity and fertility rates. Key causes cited include the potential withdrawal of the U.S. security umbrella and troop drawdowns, Russia's invasion of Ukraine, and Donald Trump's return to the presidency. In response, Europe is pursuing defense self-sufficiency, with more than 20 multilateral defense funds and an EU initiative aiming to mobilize $800 billion for defense infrastructure. The author notes these spending priorities may force Europe to abandon some economic development projects. The EU's trade deficit with China rose from $304.5 billion in 2024 to $359.8 billion in 2025, with manufactured goods making up 97.3% of EU imports from China.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.