Stephen Scherr
Showing 1–3 of 3 transcripts.
- Goldman Sachs12 min
Behind the Numbers: Goldman Sachs’ CFO on Second Quarter Earnings Results
Goldman Sachs reported a robust second quarter driven by record investment banking backlog levels, $1 billion in equity underwriting revenues, and a 18% return on equity in global markets. The firm is accelerating a strategic transition toward a fund-format model while prioritizing capital returns through doubled dividends and variable share repurchases to support stock value. Despite facing macroeconomic, geopolitical, and cybersecurity risks, management remains confident in the outlook, noting a significant return to physical office collaboration and strong sponsor-led M&A activity.
- Goldman Sachs7 min
Goldman Sachs’ Third-Quarter Earnings
Goldman Sachs CFO Steven Schwartz attributed strong third-quarter earnings to the firm's intermediary model and strategic initiatives that successfully expanded market share across Global Markets and Investment Banking. Leadership recently realigned division heads with defined business segments to ensure cohesive operations while deploying calibrated capital to navigate anticipated fourth-quarter volatility driven by geopolitical and economic uncertainties. Looking toward 2021, the firm aims to execute a dual strategy of reinforcing incumbent businesses and scaling new value-add initiatives like transaction banking without the operational distractions that previously defined the sector.
Corporate Earnings and the Global Economy
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