Tag: David Solomon

Financial Services, Industries

Goldman Sachs shares rise after bank gives higher financial targets at first-ever investor day

January 29, 2020


Goldman Sachs released new financial targets for higher returns at its first-ever investor day. The company said Wednesday in a release that return on tangible common shareholders’ equity will exceed 14% within three years. Last year, the firm posted ROTE […]

Financial Services, Industries

Goldman Sachs Lost Millions on WeWork and Uber. Now, the CEO Is Talking Up the ‘Path to Profitability’

November 5, 2019

Via: Fortune

Goldman Sachs Group Inc., stung by losses in Uber Technologies Inc. and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing […]


Goldman Sachs Names David Solomon as Next President as Lloyd Blankfein Prepares to Exit

March 12, 2018

Via: Fortune

Goldman Sachs Group Inc. said David Solomon will become sole president of the company, elevating him over Harvey Schwartz as the successor to Chief Executive Officer Lloyd Blankfein. Schwartz, 54, will leave the firm on April 20, and Solomon will […]