Goldman Sachs Expects Marcus to Get ‘Very Big, Very Profitable’
- Solomon says it could expand into mortgages, cards, auto loans
- Goldman president sees build-up ‘over the next 50 years’
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Goldman Sachs Group Inc.’s push into consumer finance has even bigger aims than investors might imagine.
Personal loans are just the start, with possible expansion opportunities for its Marcus brand in mortgages, credit cards, auto loans and insurance, Goldman Sachs President David Solomon said in a presentation Thursday.