Today, Goldman also restated its 60% cost-income target, which it met only once in the past three years, although in 2020 the overshoot was partly the result of a $2.9bn fine associated with 1MDB scandal. Today, it hiked that target to 14% to 16%. Last time Goldman Sachs had an investment day, pre-pandemic in January 2020, it was targeting a return on tangible equity of 13%. Goldman hiked its returns target and restated its cost target If you want a summarized version without listening to the best in the business expounding upon their excitement about the Goldman journey and ecosystem, we are bringing that to you right here. For the first time since January 2023, Goldman's most senior and shiny people are taking to the floor and explaining why you should want to invest in and work for the firm.
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