What's Going On With Goldman Sachs Shares Tuesday?

Goldman Sachs Group, Inc. (NYSE:GS) shares are trading lower on Tuesday. The bank has reportedly hired veteran investment banker Matt Beitzel, who previously led Citigroup’s North American banks coverage, as a partner in its financial institutions group.

Beitzel will join Goldman Sachs in November after a period of gardening leave, as per Reuters.

In his new role, he will lead Goldman’s dealmaking efforts with banks and financial services firms across the Americas.

In July, Goldman Sachs made several senior leadership appointments within its investment banking team, including the appointment of former JPMorgan banker Carsten Woehrn as joint co-head of M&A in EMEA.

The bank confirmed Haidee Lee‘s return to Goldman Sachs as global co-head of Sponsor M&A. 

This month, Goldman Sachs has reportedly agreed to sell Blanchardstown Centre, Ireland’s largest shopping mall, to credit firm Strategic Value Partners.

Investors can gain exposure to the stock via iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Invesco KBW Bank ETF (NASDAQ:KBWB).

GS Price Action: Goldman Sachs shares are down 0.88% at $500.25 at publication Tuesday.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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