Why Goldman Sachs Stock Jumped 11.9% in December

Shares of Goldman Sachs (NYSE: GS) rose 11.9% in December, according to data provided by S&P Global Market Intelligence. A number of positive things happened for Goldman during December, some specific to the company, and others that were pertinent to the banking sector as a whole.

Specifically, Goldman landed two of the hottest privately owned unicorns as customers and partners in December. First, Goldman teamed up with private payment processor Stripe, one of the most valuable private companies in the world. The two will partner to launch Stripe Treasury, which will allow businesses that use Stripe for payments to access Goldman's treasury banking services via an API to send, receive, and store funds.

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Source Fool.com