Goldman Had a 'Sound Quarter' Under New Leadership, Barclays' Goldberg Says

The transcript discusses a company's redesign under new leadership, addressing potential risks like the 1MDB saga and market volatility. It evaluates financial performance, highlighting a return on tangible equity of 11.7% and future targets. The banking sector's performance is analyzed, noting Citigroup's positive operating leverage and capital return strategies. Morgan Stanley's outlook is considered, with expectations of trading revenue changes and a constructive view on IPOs and advisory services.

What is one of the main risks the company faces in the near term?

• Lack of innovation

• High employee turnover

• The ongoing 1MDB saga

• Decreasing customer base

What financial metric is discussed in relation to satisfying investors?

• Price-to-earnings ratio

• Return on tangible equity

• Earnings per share

• Debt-to-equity ratio

What changes are being made to improve the company's profitability?

• Expanding into new markets

• Revising the FICC franchise

• Increasing marketing budget

• Hiring more staff

Which bank is highlighted as a top pick among the biggest banks?

• Goldman Sachs

• Bank of America

• Wells Fargo

• JP Morgan

What is the outlook for IPOs and advisory services according to the transcript?

• Uncertain future

• Declining interest

• Stable growth

• Very constructive