LESLIE ERICKA T sold $620K of GS

Stocks of Morningstar, Moody's, Goldman Sachs, Lazard, and StoneX rose 2.9%-3.3% after Fed Governor Waller signaled support for steady interest rates, citing disinflation trends. Waller noted PCE inflation dropped from 4.76% to 3.05% but warned of uncertainties. Market-implied odds for a September rate hike fell to 48.4%.

A 21-bank consortium, including Goldman Sachs (GS) and Wells Fargo (WFC), plans to launch a dollar-backed stablecoin by 2027, aiming to compete with crypto-native issuers like Tether and Circle (CRCL). The stablecoin will be pegged 1:1 to the U.S. dollar and designed for institutional and retail uses, with plans to expand into other G7 currencies. The move is seen as a strategic effort to retain deposits within the traditional banking system and leverage blockchain technology for payments and se

On CNBC's 'Final Trades,' Joshua Brown picked Apple (AAPL) following its CEO transition. Barton Crockett maintained a Neutral rating, raising the price target to $303. Jason Snipe recommended Goldman Sachs (GS), supported by HSBC's upgrade and price target increase. Stephanie Link suggested SLB (SLB), which agreed to acquire Kelvion for $3.4B. AAPL +2.6%, GS -1.8%, SLB -4.9% on Tuesday.

Goldman Sachs has joined a 21-member consortium to launch a USD stablecoin company, targeting a 2027 rollout for cross-border payments and digital asset settlements, with euro issuance planned later. The bank also reported that global private credit fundraising reached $33B in Q3, with institutional funds making up over 85% of private credit AUM, according to Reuters.

Bank of America, Goldman Sachs, Citi, and 18 other financial institutions plan to establish a joint venture to issue stablecoins, starting with a US dollar-pegged token in early 2027. The initiative aims to use the tokens for cross-border payments and digital asset settlements, subject to regulatory compliance.

Goldman Sachs, Bank of America, Citi, and Deutsche Bank are among 21 firms planning to launch a US dollar-pegged stablecoin in early 2027, expanding to other G7 currencies later. The group aims to compete with Qivalis, a consortium planning a euro-pegged stablecoin in 2026. Stablecoin demand remains low, with Tether dominating the market.