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Goldman details $5 billion revenue growth plan amid investor questions


By Olivia OranREUTERS - Goldman Sachs Group Inc on Tuesday unveiled a growth plan that could add as much as $5 billion in revenue annually, as the bank seeks to reassure investors after two poor trading quarters in a row.The growth initiative, which is not dependent on an overall improvement in the market environment, can be realized in the next three years and could contribute up to $2.5 billion in pre-tax earnings, Goldman president Harvey Schwartz said during a Barclays Group PLC financials conference in New York.The plans represent a marked shift for a firm that historically has given its ...

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First Published: Tue, September 12 2017. 19:33 IST