Goldman Sachs Misses on 4Q Equity Trading Revenue

The transcript discusses Goldman Sachs' efficiency and cost management, highlighting their ability to keep non-compensation costs down while investing in talent. Concerns about declining equity trading volumes are addressed, with a focus on the strategic shift towards asset management and consumer banking. The discussion also compares technology investments between Goldman Sachs and JP Morgan, noting significant revenue growth. Finally, the transcript analyzes equity trading revenue concerns, emphasizing the importance of fees and M&A growth.

What is one of the key reasons Goldman Sachs is considered more efficient this year?

• Increased marketing expenses

• Reduced non-compensation costs

• Higher trading volumes

• Lower compensation costs

What major shift is Goldman Sachs making in its business strategy?

• Expanding its marketing team

• Reducing its technology investments

• Investing in asset management and consumer banking

• Focusing more on equity trading

How is Goldman Sachs planning to enhance its consumer banking sector?

• By increasing its focus on equity trading

• By closing its deal with GreenSky

• By reducing its workforce

• By cutting down on technology investments

What is a major concern for traders regarding Goldman Sachs?

• Decline in equity trading revenues

• Increase in non-compensation costs

• Lack of investment in technology

• Decrease in asset management deals

Which area of Goldman Sachs' business showed strong growth, according to the transcript?

• Marketing

• Investment banking

• Human resources

• Equity trading