Sep. 4 at 3:11 PM
🔥
$TROW pops +5% after
$GS drops a
$1B bomb—announcing plans to scoop up T. Rowe shares via open-market buys. That stake could make Goldman one of T. Rowe’s top 5 holders (up to 3.5%).
This isn’t just a buy—it’s a power move. The partnership will push alt-investments + retirement products to the masses, combining Goldman’s market muscle with T. Rowe’s active management playbook.
T. Rowe’s been bleeding AUM (>
$200B outflows in 5 yrs), but with a fat 4.8% yield, dirt-cheap P/E, and Goldman’s backing, the turnaround narrative is gaining heat.
Wall Street sees it as survival meets opportunity. Question is: is
$TROW about to be reborn, or is
$GS just bargain-hunting? 💰📈