• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Goldman CEO David Solomon raises financial targets, takes victory lap after crushing 2020 goals

by
February 17, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

This college dropout sold his first company for six figures at 21. Here’s his recipe for success

Southwest Airlines to Reduce Minimum Requirements for Aspiring Pilots

Chinese drone maker DJI is dominating the market – despite being blacklisted by the U.S.

CNBC Daily Open: January’s U.S. jobs reports is stunningly good

David Solomon of Goldman Sachs
Andrew Harrer | Bloomberg | Getty Images

Goldman Sachs CEO David Solomon took a moment to bask in his firm’s recent performance before raising the company’s medium-term financial targets.

Solomon reminded the audience at a Credit Suisse conference Thursday that back in early 2020, at Goldman’s first-ever Investor Day, he faced doubts after revealing a set of goals for a more profitable Goldman. But the firm blew past those targets last year after a historic surge in trading and investment banking activity spurred on by the coronavirus pandemic.

“Two years ago now was there was a lot of skepticism around the targets we laid out and what we thought we could accomplish,” Solomon said. “When you look at our progress, obviously, we way exceeded the returns.”

Goldman’s new guidance for returns on tangible common shareholders’ equity is 15% to 17%, up from the 14% target that the bank had set in 2020. Last year, Goldman’s returns topped 24%.

The bank also increased its 2024 targets for gathering investments and fees in asset management and wealth management as well as transaction and consumer banking revenues.

This story is developing. Please check back for updates.

Next Post

Nvidia Can’t Catch a Break. The Stock Is Falling but Is Still a Buy.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

This college dropout sold his first company for six figures at 21. Here’s his recipe for success

by
February 6, 2023
0

When Kevin Kim dropped out of college at 21 to become an entrepreneur, it seemed like a huge gamble. "My...

Read more

This college dropout sold his first company for six figures at 21. Here’s his recipe for success

Southwest Airlines to Reduce Minimum Requirements for Aspiring Pilots

Chinese drone maker DJI is dominating the market – despite being blacklisted by the U.S.

CNBC Daily Open: January’s U.S. jobs reports is stunningly good

Time to buy the tech rally? Wall Street pros weigh in with their top stock picks

Bearish hedge fund manager Dan Niles names his top five trades for 2023

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.