Goldman Revamps Divisions to Highlight Growth in Consumer Unit

The video discusses Goldman Sachs' reordering of earnings presentation to address management's frustration over not receiving due credit for the bank's performance. It highlights the bank's efforts to provide more transparency and granularity, especially in consumer banking, which includes online lending and partnerships like the Apple credit card. Despite these changes, the consumer banking sector is still in its growth phase. The video also touches on challenges such as underperforming stock, the 1MDB scandal, and the need for better investor communication.

What changes is Goldman Sachs making to its earnings presentation?

How does the CEO David Solomon view the timeline for building the consumer banking business?

What is the significance of the changes in reporting earnings for Goldman Sachs?

What factors have contributed to Goldman Sachs' stock underperformance?

In what ways is Goldman Sachs attempting to provide more transparency to investors?