Investing
Goldman Hints at Deeper Consumer Cuts, Shows Solomon Report Card
- Bank focuses on restoring confidence with second investor day
- Executives see opportunities in asset management business
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Goldman Sachs Group Inc. gave shareholders a report card of Chief Executive Officer David Solomon’s performance, hinted at a further dismantling of the consumer business and offered an upbeat outlook on the opportunities inside its wealth and asset management business.
Those were among the takeaways from the bank’s second-ever investor day, an effort to build confidence in the stock after a dismal 2022 and quell dissatisfaction in the ranks.