One Wall Street Bank Embracing Amazon's Philosophy
Many investors often think traders at Wall Street firms only think about themselves, but one Canadian bank is trying to buck the trend and change that image. In a move that seems like it's straight out of Amazon's playbook, the firm is sacrificing margin to invest for the long term.
In this segment of The Motley Fool's everything-financials show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the profile of the bank and tell investors what they think of the move.
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David Hanson owns shares of Goldman Sachs. Matt Koppenheffer owns shares of Goldman Sachs. 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.
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