Goldman Sachs on Conference Call
- Will provide strategy and performance targets update in its 1Q20 conference call.
- Sees growth opportunities in deposits.
- Evaluating all business segments;
- Expect to grow aggregate U.S. and U.K. by more than $10 bln a year on average;
- Will migrate businesses into its bank entities.
- Can optimize in FICC and Private Equity Investments; FICC under close review.
- Will reduce capital intensity of its business; Will reduce balance sheet investments.
- Q1 Environment mixed
- Financials, TMT, Natural Resources and Healthcare seeing demand.
- Saving $100 mln a year using its own cash management business