Never doubt GS. Its been only nine months since GS entered its newly created consumer lending venture, and the platform has been a successful so far. With over $1bn loan already and room to grow, borrowers have been attracted to Marcus's user-friendly experience, lower rates than credit cards, no late fees, fast turnaround times, and great human customer service.
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How Goldman Sachs is disrupting this $1tn industry
As far as growth potential, Goldman's balance sheet gives it the ability to grow Marcus as quickly (or slowly) as it wants. And with approximately $1 trillion of unsecured debt in the U.S., there is a huge addressable market.
