Greensky finance analysts tracking GreenSky Finance

Analysts tracking GreenSky Finance emphasize Fed commentary on rate holds — stable rates generally improve loan affordability, potentially increasing platform activity. When the sale was announced, David Solomon, chairman and CEO of Goldman, stated, “This transaction demonstrates our continued progress in narrowing the focus of our consumer business. While GreenSky is an attractive business, we are focused on advancing the strategy we laid out for our two core franchises. In Global Banking & Markets, we’ve improved our wallet share and are demonstrating strong growth in financing activities; and across our Asset & Wealth Management platform, we are making very strong progress towards both our fundraising and management fee targets.” "We're pleased with the participation by bidders," Goldman spokesman Tony Fratto said in a statement. "We're in the middle of the process and we'll learn more as we go forward." The company’s loan portfolio quality showed improvement with NPL ratio dipping to 1.7%, outperforming fintech lending peers, which could strengthen investor confidence in GreenSky Finance’s credit risk management.