Ward: Goldman Sachs Valuation Can Be a Money Maker

The transcript discusses Goldman Sachs' transition into a traditional bank, highlighting its online banking and lending initiatives. It explores the pressures Goldman faces to outperform competitors like JP Morgan and Citigroup, especially in fixed income trading. The discussion compares investment opportunities in Goldman Sachs and JP Morgan, noting differences in risk and valuation. Market expectations for Goldman are high, driven by cost cuts and strong fixed income results. The transcript also touches on leadership succession at Goldman Sachs, with questions about future directions under new leadership.

What recent developments indicate that Goldman Sachs is becoming more like a traditional bank?

How does the performance of Goldman Sachs compare to other banks like JP Morgan and Citigroup in terms of fixed income trading?

What factors contribute to the volatility of Goldman Sachs' stock price?

What are the potential risks associated with investing in Goldman Sachs according to the discussion?

What is the significance of the line of succession at Goldman Sachs, especially in light of Mr. Blankfein's health?