Goldman Sachs: The Bank That Ate Wall Street 🍴💰

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Let me tell you a little story about a banking behemoth named Goldman Sachs, who’s decided it’s time to play the role of the financial world’s very own Cookie Monster. But instead of cookies, they’re after something a bit more substantial—like, say, other banks. The New York Post has the scoop, and it’s a doozy.

Finance journalist Charles Gasparino, in his latest op-ed for the NYP, reveals that a top dog at a financial services giant let slip that banks are feeling a bit like kids in a candy store, thanks to some relaxed regulations. According to our anonymous friend, “Because of the Fed’s supervisory relaxation, big bank deals are going to happen… Everyone is talking.” It’s like a high school cafeteria, but with more spreadsheets and less cafeteria lady hairnets.

One of the potential snacks on Goldman’s plate? State Street, the Boston-based financial services titan with a market cap of around $30 billion. When asked if they were up for a game of “Mergers and Acquisitions,” State Street was as silent as a library during finals week. No comment, indeed.

But wait, there’s more! BNY, formerly known as Bank of New York Mellon (because apparently, they needed more letters in their name), is also on the menu. Just last month, Goldman and BNY announced a joint venture to launch tokenized money market fund services using a blockchain developed by Goldman. Sounds like a recipe for a merger down the line, doesn’t it?

According to sources close to Goldman, they might not even wait for dessert. A more immediate deal could be in the works in the private credit or non-bank lenders space. Because why wait when you can just gobble up everything in sight?

But Goldman’s appetite isn’t limited to just banks. They’re also bullish on US equities, while simultaneously leaning bearish on US Treasury yields. It’s like they’re trying to have their cake and eat it too, which, let’s be honest, is pretty much their MO.

And if that wasn’t enough, Goldman Sachs strategists have raised their 12-month outlook for the S&P 500 index from 6,500 to 6,900, and their year-end target from 6,100 to 6,600. All because they think rate cuts are coming sooner than expected. It’s like they have a crystal ball, or at least a really good spreadsheet.

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2025-07-27 22:12