According to Evercore ISI, Goldman could lose between USD 115 million and USD 2.7 billion, from ban on physical commodities activities to balance-sheet investments. Goldman has remained a bigger player in both areas than rivals since the financial crisis, wsj.com reports.
About one-quarter of Goldman’s roughly USD 100 billion investment book is equity, according to a November 2015 presentation. Most of it is in private companies, which carry higher risks than publicly traded stocks. Goldman has been an active investor in early-stage technology companies including Uber Technologies, Pinterest and Dropbox.
Goldman’s investing and lending segment, which includes its merchant-banking equity stakes and a much-larger loan book, has earned USD 1.2 billion in Q2 2016.
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