Shares of Goldman Sachs jumped up a bit on news that it had sold an additional $1 billion of its holdings in Industrial and Commercial Bank of China, or ICBC. In this video, Motley Fool financial analyst Matt Koppenheffer tells us why this has been such a continuously successful investment for GS, and how it reflects Goldman's investing skill.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether Goldman Sachs is a buy today, I invite you to read our premium research report on the company. Click here now for instant access!
The article Another $1 Billion in Goldman's Pocket originally appeared on Fool.com.
Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.