4 Financial Stock Stories for Alert Investors

Goldman Sachs Group (NYSE:GS): Closing price $133.05

Goldman Chief Executive Lloyd C. Blankfein has ceased using its own money to make bets on the bank’s behalf, saying that “We shut off that activity.” The bank has no longer proprietary traders who “just put on risks that they wanted and didn’t interact with clients.” The remarks were made to more than 400 persons at a lunch organized by the Economic Club of Washington. However, Bloomberg has uncovered a secretive Goldman Sachs group known as Multi-Strategy Investing, or MSI, which wagers about $1 billion of the firm’s own funds on the stocks and bonds of companies, that include a mortgage servicer and a cement producer, said more than 20 people who worked for and with the group, as recently as 2012.