Goldman Sachs’ Marcus Launches 4.05% APY 9-Month CD; Stock Sees Hold Consensus
Marcus by Goldman Sachs is offering a 4.05% APY on its 9-month CD, the highest rate available among online banks today. Goldman Sachs stock carries a consensus “Hold” rating from 22 analysts, with 14 assigning holds and 8 assigning buys.
1. CD Rate Offering by Marcus
Goldman Sachs’ online banking arm, Marcus, now offers a 4.05% APY on its 9-month CD, marking the top yield among comparable one-year or shorter-term certificates of deposit. The elevated rate aims to attract new deposits ahead of anticipated Fed rate cuts.
2. Analyst Consensus on Goldman Sachs Stock
A total of 22 research firms cover Goldman Sachs, yielding a consensus “Hold” rating. Fourteen analysts rate the stock as hold, while eight have assigned buy ratings, reflecting mixed views on near-term trading and valuation.
3. Implications for Earnings and Valuation
Attracting deposits with higher CD rates could bolster Goldman Sachs’ net interest income if rate spreads hold. Meanwhile, the hold consensus suggests analysts are awaiting clearer signs of revenue growth and capital deployment before upgrading.