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Why wealth management is Goldman Sachs' new 'crown jewel' with dealmaking at a standstill

Por: Business Insider Business January 19, 2023

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Goldman Sachs posted its worst quarterly results since the pandemic on January 17. With dealmaking at a standstill, investment banking fee revenue plummeted to $1.78 billion in the fourth quarter of 2022, down 48% from a year ago. CEO David Solomon acknowledged that a stronger wealth and asset management business would have helped the bank weather the storm. Would I like it to be further along? Yes, he said in an earnings call Tuesday. If it... + full article



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