Goldman COO Sees Asset, Wealth Management Opportunities

The transcript discusses Goldman Sachs' Investor Day, highlighting the firm's strategic realignment and the concept of 'Goldman 2.0'. It emphasizes the integration of global banking and markets with asset and wealth management, showcasing their performance and resilience. The discussion also covers strategic alternatives and growth targets, aiming to enhance the firm's value and durability.

What was the main focus of Goldman Sachs' recent investor day?

• Merging with another company

• Launching a new product line

• Discussing strategic realignment and long-term value

• Announcing a new CEO

What are the two market-leading businesses of Goldman Sachs?

• Retail banking and insurance

• Global banking and markets, and asset and wealth management

• Real estate and technology

• Healthcare and energy

How does Goldman Sachs benefit from integrating its businesses?

• Diversity effects and mid-teens returns

• Reduced market presence

• Higher operational costs

• Increased competition

What is a significant growth opportunity for Goldman Sachs in asset and wealth management?

• Reducing employee count

• Expanding into retail banking

• Achieving management fee targets

• Decreasing investment in technology

What is the management fee target for Goldman Sachs by 2024?

• $5 billion

• $8.8 billion

• $10 billion

• $12 billion