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 changes in the company's earnings structure are discussed in the text?

How does the speaker perceive the company's performance in investment banking compared to previous years?

What challenges does the speaker mention regarding consumer lending?

What factors contributed to the company's recent performance according to the speaker?

What is the speaker's outlook on the asset management business?