Goldman Sachs Shares Rises 3% After 1MDB Settlement Report
December 06 2019 - 2:24PM
Dow Jones News
By Stephen Nakrosis
Shares of Goldman Sachs Group Inc. (GS) are moving higher in
Friday's market, following a media report the company is engaging
in settlement talks with the U.S. Justice Department and other
agencies over it relationship with Malaysia's 1MDB investment
fund.
Bloomberg, citing "three people familiar with the negotiations,"
reported Goldman could end up paying under $2 billion to resolve
the matter.
At 1:48 p.m. EST, Goldman Sachs' shares had gained 3.3% to trade
at $224.30. Shares had dipped into the red earlier in the session
before reversing course. Volume was 2.1 million shares, approaching
the 65-day average volume of some 2.2 million.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 06, 2019 14:09 ET (19:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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