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Why Goldman Sachs Remains An Attractive Stock

Goldman Sachs' (NYSE:GS) decision to join forces with major rivals JPMorgan Chase (NYSE:JPM) and Morgan Stanley (NYSE:MS) for the SPReD initiative is a strong indication of the company's distinct collaboration abilities. The goal of SPReD, which stands for Securities Product Reference Data, is the accumulation of data aimed to assist the banking giants in determining accurate pricing, while reducing individual spending and time on gathering such data. If SPReD is approved by the Federal Reserve, SEC, FTC, and Department of Justice, it is expected to launch within six to twelve months. The data will also be provided to other financial institutions for a fee... READ MORE

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