Greensky finance shares saw moderate volatility in

GreenSky Finance shares saw moderate volatility in recent trading, hovering near $8.35, with volume spiking 18% above the 30-day average. Analysts note possible support at $8.10, with upside capped near $8.65 unless broader financial sector sentiment improves. Goldman decided to refocus on its core strengths of IB and trading operations while scaling back its consumer banking footprint and hence undertook a major business restructuring initiative. In October 2024, Goldman finalized a deal to transfer its GM credit card business to Barclays. Barclays will obtain the card program's receivables from Goldman this year. In 2024, Goldman completed the sale of GreenSky, its home-improvement lending platform, to a consortium of investors. In the fourth quarter of 2023, Goldman sold its Personal Financial Management unit to Creative Planning. Goldman aims to cease unsecured loan offerings to consumers through its digital consumer banking platform Marcus. In 2023, it sold substantially all of Marcus's loan portfolio. These moves are in line with GS's decision to focus on and grow core businesses, wherein it has showcased encouraging results, given its strong leadership position, wide scale of operations and exceptional talent. In global banking and markets, Goldman maintained its long-standing top position in announced and completed Merger & Acquisition in 2024. This is likely to give it an edge over its peers. Although IB revenues declined in 2022 and 2023 due to muted global M&A deal value and volumes, it rebounded in 2024 as global M&A bounced back, with deal value and volume witnessing remarkable growth. Management expects the IB business to continue to improve, driven by higher net revenues in equity underwriting and debt underwriting. We believe improved client engagement, backed by digital disruption and transformation trends, signs of growing M&A and underwriting pipelines, and the company's decent IB backlog will support IB revenues in the upcoming period. Could London's late IPO flurry mark a turning point? Market watchers highlight GreenSky Finance’s recent earnings beat, posting $0.19 EPS versus $0.15 consensus, signaling improved loan origination metrics despite tighter credit conditions in consumer finance. This could fuel short-term bullish momentum.