3 Financial Stock Stories to Close the Trading Week
Goldman Sachs Group (NYSE:GS): Current price $154.08
On Friday, Goldman Sachs Asset Management said that it has made an agreement with Fifth Third Bank for eligible plan investors in the Fifth Third Stable Value Fund to change over to the Goldman Sachs Stable Value Collective Trust Fund, which is a new stable value fund that is expected to be formed by Goldman Sachs Trust Company. The transaction shows GSAM’s commitment to the defined contribution investment-only business, and highlights the importance of stable value as an investment option for retirement plan participants.
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