Goldman Sachs betting big on Marcus

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (NYSE:GS) is boosting its bet on consumer finance by enhancing Marcus's product offerings, and marking it as an engine of growth.

Lloyd Blankfein, CEO of Goldman Sachs, while speaking at a Credit Suisse conference said,  "Marcus will move the needle for the firm over the coming years."

Marcus is Goldman's consumer business currently offering personal deposit and loan products, with a focus on consumer refinancing credit card debt with a personal loan.

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