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Goldman Sachs Group (GS) Has Broken Out To A New High After Schwartz Retires

Goldman Sachs Group (GS) announced Monday morning that its President and Co-Chief Operating Officer, Harvey Schwartz, has decided to retire effective April 20, 2018. David Solomon will serve as sole President and Chief Operating Officer of the firm upon Harvey's retirement.

Goldman Sachs has been gaining ground since the open of trade Monday and is currently higher by 3.89 at $274.66. The stock has broken out past resistance and has set a new high for the year.

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