Who Owns Marcus by Goldman Sachs?

What does Goldman Sachs do?
Goldman Sachs provides investment banking advisory (M&A, restructuring), underwriting (IPOs, debt issuance), securities trading (equities, fixed income, currencies, commodities), asset management for institutional clients, and private wealth management for ultra-high-net-worth individuals. The firm serves corporations, financial institutions, governments, and high-net-worth individuals globally. In FY2025, the firm ranked #1 globally in announced and completed M&A.

Is Goldman Sachs publicly traded?
Yes, The Goldman Sachs Group, Inc. trades on the New York Stock Exchange under ticker symbol GS. The company went public in May 1999, ending 130 years as a private partnership. There is no controlling shareholder. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation. The firm has a market capitalization exceeding $150 billion as of 2026.

What is Goldman Sachs' annual revenue?
Goldman Sachs reported FY2025 net revenues of $58.28 billion, up 9 percent from $53.51 billion in FY2024. Net earnings were $17.18 billion, and diluted EPS was $51.32. Global Banking & Markets contributed $41.45 billion, Asset & Wealth Management contributed $16.68 billion, and Platform Solutions contributed $151 million. The firm increased its quarterly dividend by 12.5 percent to $4.50 per share beginning in Q1 2026.

Who is Goldman Sachs' CEO?
David Solomon has served as Chairman and CEO of Goldman Sachs since October 2018 (CEO) and January 2019 (Chairman), succeeding Lloyd Blankfein. Under Solomon's leadership, the firm has grown revenues by 60 percent since its 2020 Investor Day, improved returns by 500 basis points, and delivered total shareholder returns of more than 340 percent. Solomon led the strategic retreat from consumer banking and the refocus on institutional businesses.

When was Goldman Sachs founded?
Goldman Sachs was founded in 1869 by Marcus Goldman in New York City as a commercial paper business. Samuel Sachs joined in 1882, and the firm was renamed Goldman Sachs & Co. The firm joined the New York Stock Exchange in 1896 and went public in 1999 after 130 years as a private partnership, raising approximately $3.7 billion in its IPO.

What was the 1MDB scandal?
The 1MDB scandal involved Goldman Sachs helping raise approximately $6.5 billion for the Malaysian sovereign wealth fund 1MDB between 2012 and 2013. The funds were looted by Malaysian officials and their associates. Goldman Sachs paid approximately $2.9 billion to the U.S. Department of Justice in 2020 and reached additional settlements with other regulators, with total costs exceeding $5 billion. Former Goldman Sachs partner Tim Leissner pleaded guilty to conspiracy to launder money and violate the Foreign Corrupt Practices Act.

What is happening with the Apple Card?
In 2025, Goldman Sachs signed an agreement to transition the Apple Card program to another issuer. The transition resulted in $2.26 billion in markdowns on the outstanding credit card portfolio as the loans were transferred to held for sale, largely offset by a $2.48 billion reserve reduction. The firm also transitioned the General Motors card program. These actions effectively complete Goldman Sachs' exit from consumer banking, which began in 2022 and involved approximately $3 billion in cumulative losses.