Goldman Sachs Group Inc's Chief Executive David Solomon faces a reality check from investors on Tuesday as he presents plans to reach key financial goals.
Last year, its ROTE dropped to 11%, lagging peers and falling short of analysts expectations. That compares with 24.3% in 2021, a blockbuster year, reflecting how volatile Goldman's earnings can be.
Solomon typically serves as Goldman's statesman, addressing conferences, speaking to media and posting a steady stream of photos to his LinkedIn. But ahead of the Feb. 28 gathering, members of Goldman's top brass have joined in, granting rare press interviews to tout the company's performance. It's a big shift for a bank that has traditionally shunned attention.
A deal could broaden Goldman's revenue beyond trading and investment banking, which can be buffeted by economic cycles. The two divisions, which were merged last year, comprised 69% of the firm's revenue in 2022.
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