Goldman Sachs shares fall 2.56% intraday after announcing strategic collaboration with Elevation Point.

The Goldman Sachs Group, Inc. declined 2.56% in intraday trading. The company announced a strategic collaboration with Elevation Point, a growth accelerator and minority stake partner for independent advisors, to offer its partner firms access to Goldman Sachs' banking and lending, trading, asset management, and capital markets capabilities. This collaboration also expands an existing agreement with Goldman Sachs Custody Solutions, a modern custodial provider for independent advisors.