Goldman Sachs CEO Says We Continue To Execute On Our Share Repurchase Program; Cites Meaningful Headwinds To Business; Says "We Are Going Into A Period Of Lower Results"
Portfolio Pulse from Happy Mohamed
Goldman Sachs CEO has announced that the company will continue with its share repurchase program despite facing significant headwinds to its business. The CEO also warned of a period of lower results ahead.
July 19, 2023 | 1:39 pm
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Goldman Sachs is facing significant business headwinds and expects lower results in the future. However, the company will continue its share repurchase program.
The CEO's announcement of 'meaningful headwinds' and a 'period of lower results' indicates potential financial difficulties for Goldman Sachs, which could negatively impact its stock price. However, the continuation of the share repurchase program may provide some support to the stock price.
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