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BNP Paribas Cuts Goldman Sachs Stake by 17.3% Amid Regulatory Scrutiny

Guavy AI Editorial Team
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BNP Paribas has significantly reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.3% during the second quarter, according to a recent Form 13F filing with the SEC.

The fund owned 16,641 shares of the investment management company's stock after selling 3,480 shares during the quarter.

BNP Paribas' holdings in The Goldman Sachs Group were worth $16.74 million as of its most recent SEC filing.

The reduction comes amidst a broader trend of institutional investors reassessing their stakes in major financial institutions amid regulatory scrutiny and market volatility.

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