Goldman Turns to ‘Make-or-Break’ Unit as Solomon Put to Test
- Investors await fresh narrative at Feb. 28 investor day
- After partner grumbles spill into open, analysts seek answers
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Goldman Sachs Group Inc.’s leaders take the stage this week hoping to turn the page on a forgettable 2022, lay out new reasons for investors to rally around the stock and quell dissatisfaction within the firm’s ranks.
After a year in which profits slumped by half and a consumer-banking strategy unraveled, executives plan to offer a more forceful case for shareholders to appreciate its $2.5 trillion asset and wealth management business. The top brass sees the unit, dubbed AWM, as critical to unlocking a higher valuation.