Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday, in the latest such move by corporations expecting greater scrutiny on social policies from U.

Goldman Sachs (GS) is reportedly reversing its policy that barred companies with all-white, male boards from going public, dropping the diversity requirement it set in 2020.

More than 60% of the S&P-listed companies have reported earnings, and the results are well above expectations. It’s safe to say that 2024

Goldman Sachs said on Tuesday it has ended a diversity, equity and inclusion pledge tied to the investment bank's initial public offering business.

Goldman Sachs analyst Paul Choi downgraded the stock from "Neutral" to "Sell," setting a price target of $12, which is significantly lower than the company's closing price of $13.20 on Monday. This new target also contrasts sharply with the average analyst price target of over $24 for Dynavax.

Goldman Sachs Group Inc. is killing a significant pledge it made to refuse initial public offering business with companies that had all White, male boards.

That said, the stock has been on fire, surging 116% since November 2023 as the investment bank crushed earnings expectations last year. Looking ahead, Goldman Sachs anticipates a meaningful shift that could benefit its primary business in 2025 and beyond.