Goldman Sachs CEO David Solomon says he thinks inflation will be sticky and “anyone running a business has to be prepared for kind of a bumpy 12-18-24 months.”
"The real story of opportunity for growth for us in the coming years is around asset management and wealth management," Solomon told CNBC's Andrew Ross Sorkin. Solomon added that Goldman was already the fifth biggest active asset manager in the world.
"There's real opportunity across the firm for us to continue to make the firm more durable," Solomon said. He also acknowledged that the company didn't "execute well" on parts of his consumer push, but added that management would reflect and learn from the episode.later Tuesday. The firm released a slideshow for the event online, in which it gave updated targets for growth in its asset and wealth management division and a 2025 breakeven target for its money-losing platform solutions division.
It also reiterated its target for 15% to 17% return on tangible equity, a key metric tracked by bank investors.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs bankers bristle at CEO David Solomon’s pay ahead of yearly ‘Investor Day’As David Solomon lays out his vision for the Wall Street giant at the Tuesday shindig, many are still chafing over their disappointing year-end payouts — and fixing the blame on their part-ti…
Consulte Mais informação »
Goldman Sachs boss David Solomon warns the inflation fight is far from overGoldman Sachs boss David Solomon warns the fight against inflation is nowhere near over – because the US jobs market still looks so strong
Consulte Mais informação »
Why Goldman's consumer ambitions failed, and what it means for CEO David SolomonAs Goldman's Marcus morphed from a side project to a focus for investors, the business expanded and ultimately buckled under the weight of Solomon's ambitions.
Consulte Mais informação »
Goldman Sachs CEO says having 'very tight' job market makes cooling inflation 'very hard'Goldman Sachs’ CEO, David Solomon, offered insights on the labor market and efforts to cool inflation in the U.S during a recent podcast episode put out by his company.
Consulte Mais informação »
Goldman's Solomon on inflation, recession, ChatGPT, M&A, energy, ChinaGoldman CEO David Solomon warns of stubborn US inflation, calms fears of a deep recession, and talks ChatGPT and AI in a new interview. Here are the 9 best quotes.
Consulte Mais informação »
USD/JPY: The Yen weakness to stay limited – Goldman SachsEconomists at Goldman Sachs outlined their view on the Japanese Yen, in the face of the incoming Bank of Japan (BoJ) Governor Kazuo Ueda and hawskish
Consulte Mais informação »