No, Goldman Sachs is not a product based company. It is a financial institution which offers investment banking services, trading services, asset management, and wealth management services to its clients all over the world.

Quick Overview of Goldman Sachs

Goldman Sachs is an international investment bank. It assists businesses in raising funds, administering assets and mergers and acquisitions. It also deals with financial products and takes care of individual and institutional investments.

Company History

Goldman Sachs was established in the year 1869 by Marcus Goldman in New York City. Samuel Sachs would subsequently join the firm and the company was transformed to Goldman Sachs. During the early years, it specialised in commercial paper and also assisted businesses in raising funds.

With time, the company had diversified into investment banking and securities trading. It also dominated most of the large public offerings. The company was listed publicly on the New York Stock Exchange in 1999 with the ticker symbol GS.

The company survived the 2008 financial crisis and managed to recover very fast. It paid back funds on government support and proceeded with the expansion of the international character.

Current Status

As of today, Goldman Sachs is present in large financial hubs worldwide. The services that the company provides include investment banking services, global markets, asset management services and wealth management services. It oversees more than $3 trillion in assets.

The company also runs a digital bank called Marcus, which offers savings accounts and personal loans. However, these are financial services, not software or physical products.

Future Outlook

The goal of global banking and wealth management provided by Goldman Sachs is to increase its offerings globally. It will also aim at increasing its digital banking platform and expanding to emerging markets such as India. The business is still operating on financial service rather than product development.