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Key facts: Goldman Sachs to acquire Industry Ventures for $1 billion; Reports strong banking results despite stock price decline

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  • Goldman Sachs has reached an agreement to acquire venture investment firm Industry Ventures for nearly $1 billion.1
  • Goldman Sachs reported strong results in global banking and markets, driving record revenue. However, its stock price fell, unlike peers Morgan Stanley and Wells Fargo, which hit record highs.2