Fool’s Goldman?

For the past few years, Goldman Sachs has dangled the promise of something new – a diversification in its business mix that would give shareholders a reason to finally re-rate the stock. But while the firm still has the glint of Goldman on the surface, disappointing earnings are revealing something less valuable underneath. Can its second investor day now fix the legacy of the first?

On February 28, Goldman Sachs chief executive David Solomon will walk on stage at what will be only the second investor day the bank has ever held. When he does, his audience may want him to show two things: first, that he is as good at serving up humble pie as he is at cooking the Thanksgiving turkey he likes to show off in LinkedIn posts. The second is that he and the rest of the firm have now worked out how to diversify away from Goldman’s longstanding core businesses while actually making money doing so.

Fool’s Goldman?

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Fool’s Goldman?

Thanks for your interest in Euromoney!To unlock this article:

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

The Danish Compromise tests Europe’s appetite for regulatory easing

What can US bankers really expect from Trump’s deregulation impetus?

Prem Natarajan on Capital One’s AI stairway to heaven

Thanks for your interest in Euromoney!
To unlock this article: