Goldman CEO Says Limited Partners Are Putting Pressure On To Return More Capital; Leveraged Finance, Deals Book Is Still Operating At Historically Very Low Level; We Can Bring Platform Solutions To Profitability In 2025
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs' CEO reported during a conference call that limited partners are pressuring the firm to return more capital. Additionally, the CEO noted that the leveraged finance and deals book is still operating at a historically low level but expressed confidence in bringing platform solutions to profitability by 2025.
April 15, 2024 | 3:06 pm
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Goldman Sachs faces pressure from limited partners to return more capital, amidst historically low activity in leveraged finance and deals. The firm aims for profitability in platform solutions by 2025.
The CEO's comments indicate a strategic focus on returning capital to partners and improving profitability in specific areas by 2025. While the pressure from limited partners and the current low levels of leveraged finance and deals activity could be seen as negative, the firm's long-term strategy towards profitability in platform solutions by 2025 could balance out short-term concerns, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100