Report
Michael Wong
EUR 100.00 For Business Accounts Only

Goldman Sachs has new management, but its strategy was already undergoing a revamp.

Narrow-moat Goldman Sachs reported strong second-quarter results and announced that David Solomon will succeed Lloyd Blankfein as chairman and CEO of the firm. Goldman Sachs has made public its strategic vision for the next several years, such as its three-year plan to grow net revenue by $5 billion and digital banking effort, and we see the company staying the course. While we remain modestly skeptical of the $5 billion plan that involves gains in market share, we continue to believe that incre...
Underlying
Goldman Sachs Group Inc.

Goldman Sachs Group is a bank holding company and financial holding company. The company is a global investment banking, securities and investment management firm that provides a range of financial services to corporations, financial institutions, governments and individuals. The company operates in four business segments: Investment Banking, which serves public and private sector clients and provides financial advisory services; Global Markets, which serves its clients who come to the company to buy and sell financial products, raise funding and manage risk; Asset Management, which provides investment services; and Consumer & Wealth Management, which provides a range of wealth advisory and banking services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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