Macquarie's Konrad Sees 'Baton Being Passed' at Goldman

The transcript discusses a company's shift from trading to investment banking and private equity, highlighting diversification in earnings. It covers a revenue growth plan, market challenges, and the company's strong performance in investment banking. The equities unit faced challenges due to market volatility, and investor reactions were mixed. The asset management business showed large incentive fees, but sustainability is questioned.

What strategic shift is the company undergoing according to the first section?

• From private equity to consumer lending

• From heavy trading to investment banking and private equity

• From investment banking to heavy trading

• From consumer lending to asset management

What is the company's position in the global investment banking market?

• Number one globally

• Number three globally

• Number four globally

• Number two globally

What challenge does the company face in the trading environment?

• Increasing share in a challenging environment

• Decreasing share in a volatile market

• Increasing share in a stable market

• Decreasing share in a stable environment

What was the market's reaction to the company's recent performance?

• Investors were highly optimistic

• Investors were disappointed

• Investors were indifferent

• Investors were confused

Which revenue source is considered stable according to the final section?

• Equity derivatives

• Private equity and lending gains

• Consumer lending

• Asset management