WFC May 2024 61.000 call

Chart of the day: What is private credit?

Private credit has piqued the interest of major banks such as Goldman Sachs (GS) and Wells Fargo (WFC), with these financial institutions raising approximately $50 billion in private credit investments, according to a Bloomberg report. Yahoo Finance's Julie Hyman breaks down the private credit trend. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith