The old saw is to buy Goldman Sachs when it trades below its book value—and investors once again have that opportunity. Shares of Goldman Sachs Group (ticker: GS) declined 5.5% during Friday’s selloff, ending at $287.56 each. Goldman now trades below its first-quarter book value of $293 a share, marking the first time since 2020 that the investment banking leader is fetching less than book, or shareholder equity per share.

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