Goldman Sachs revealed on Tuesday's earnings call that they have surveyed thousands of consumers on what they look for in an online lender, and that they plan to launch their own platform this fall. The platform will likely focus on unsecured loans and may compete directly with Lending Club.
There wasn't a ton to get excited about in Goldman Sachs's earnings report on Tuesday.Sure, per-share earnings beat analysts' estimates, but how excited can you get over beating an estimate that dropped like this? The Beat Goes On Goldman Sachs became the latest financial firm to beat lowered earnings estimates Like the banks whose earnings reports preceded it, trading revenue from the fixed-income, currencies and commodities desks was a bright spot -- jumping 20 percent to $1.9 billion -- and helping the institutional client services segment post a slight increase in revenue:Of course, that could likely be a Brexit-induced "brief reprieve" in a longer-term downtrend for that business at Goldman and elsewhere.
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