Pressure is on CEO David Solomon to smooth any shareholder concerns at its Feb. 28 Investor Day as Deutsche Bank analyst Matt O'Connor keeps his neutral rating
Deutsche Bank analyst Matt O’Connor said Wednesday that Goldman Sachs Group Inc. will be hard-pressed to impress investors when the marquee investment bank holds its first investor day in three years on Feb. 28.
“Our gut is that the market may be a little disappointed on the updated strategy regarding the consumer and plans to further scale asset/wealth,” said O’Connor, who kept his neutral rating on the stock. The moves prompted The Economist magazine to put out a cover story last month entitled “The Humbling of Goldman Sachs.” with an image of the bank’s logo with the words “Goldman Sags.”
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