Sign in

    Chinedu Bolu • Autonomous Research

    Chinedu Bolu's questions to Goldman Sachs Group Inc (GS) leadership

    Chinedu Bolu's questions to Goldman Sachs Group Inc (GS) leadership • Q1 2025

    Question

    Chinedu Bolu asked about the competitive landscape in the markets business, noting that Q1 results lagged some peers, and questioned the catalyst and sustainability of the record share buyback.

    Answer

    CEO David Solomon attributed the peer comparison to a tough comp against an 'extraordinary' prior-year quarter. Executive Denis Coleman explained the buyback philosophy prioritizes funding client activity and dividends, with excess capital from strong earnings and balance sheet actions being returned to shareholders.

    Ask Fintool Equity Research AI

    Chinedu Bolu's questions to Goldman Sachs Group Inc (GS) leadership • Q4 2024

    Question

    Chinedu Bolu, using the alias Christian Bolu, asked for clarification on the path to a 15% ROE, focusing on capital return, and questioned the appetite for a strategic acquisition in alternatives or wealth management.

    Answer

    CEO David Solomon outlined a clear path to mid-teens ROE by improving Asset & Wealth Management (AWM) returns and eliminating the drag from Platform Solutions, which he quantified as a 75-100 bps impact. CFO Denis Coleman added that capital return priorities are supporting clients, growing the dividend, and then buybacks. Regarding M&A, Solomon stated that while they monitor opportunities, the bar is high, valuations are rich, and the primary focus remains on strong organic execution.

    Ask Fintool Equity Research AI

    Chinedu Bolu's questions to Goldman Sachs Group Inc (GS) leadership • Q3 2024

    Question

    Chinedu Bolu of Autonomous Research asked about the competitive landscape in the trading business, noting market share shifts since 2022, and inquired about the drivers of strong growth in Private Banking and future initiatives.

    Answer

    CEO David Solomon explained that while market share can fluctuate quarterly, the firm's franchise took a 'step function up' over the last five years. Regarding Private Banking, both Solomon and CFO Denis Coleman attributed strength to a strategic decision to increase lending to its ultra-high net worth clients, a market where they were previously underpenetrated, and are allocating more resources to sustain this growth.

    Ask Fintool Equity Research AI