On Tuesday, Goldman’s CEO, Lloyd Blankfein, is scheduled to speak at an industry conference in Miami Beach, where he intends to provide more information about the firm's revenue-boosting effort.
Reuters reports that it will be the first time Blankfein himself tries to persuade investors with a formal, public presentation about the lofty goals Goldman has set. Since his deputies first laid out the revenue-growth strategy in September, analysts have peppered executives with questions about the underlying assumptions and cited concerns raised by investors.
“This is the environment that Goldman has been waiting for all decade,” said Wells Fargo analyst Mike Mayo, who expects the bank to achieve $3 billion of its $5 billion target helped by volatility returning to stock and bond markets globally. “If Goldman doesn’t get it right in 2018, then management has some serious questions to ask.”
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