Goldman CEO Says Still Have Work To Do To Improve Margins For Asset And Wealth Business
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs' CEO has stated that there is still work to be done to improve margins in their asset and wealth management business. This was mentioned during a conference call.
October 15, 2024 | 1:56 pm
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Goldman Sachs' CEO has acknowledged the need for further efforts to enhance margins in their asset and wealth management division, indicating potential operational adjustments or strategic initiatives.
The CEO's statement suggests that Goldman Sachs is aware of margin pressures in its asset and wealth management business. While this acknowledgment does not immediately impact stock prices, it indicates potential future actions to address these issues, which could affect investor sentiment.
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