Reuters / Shannon Stapleton
- Goldman Sachs has been undergoing a huge transformation in the runup to the storied Wall Street bank's first-ever investor day.
- That bank posted the presentation materials for the full-day event first thing this morning. They lay out hard return and efficiency targets, a path of growth for newer businesses, and how Goldman is thinking about itself as a "banking-as-a-service" provider.
- The investor day comes after years of analysts and investors asking for more clues around some of the bank's more volatile businesses.
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Goldman Sachs has been undergoing a huge transformation in the runup to the storied Wall Street bank's first-ever investor day.
That bank posted the presentation materials for the full-day event first thing this morning. They lay out hard return and efficiency targets, a path of growth for newer businesses, and how Goldman is thinking about itself as a "banking-as-a-service" provider.
The investor day comes after years of analysts and investors asking for more clues around some of the bank's more volatile businesses.
The slides show just how much Goldman has changed already and the big steps it has planned for the next few years to move beyond its exclusive white-shoe roots and become a global, universal bank catering to a wide range of customers.
Ahead of the event, the bank had reorganized its reporting units in order to break out a consumer and wealth management division. And on an earnings call earlier this month, Solomon revealed big changes in strategy for how the bank is rethinking making private-equity bets with its own money.
As Business Insider has reported recently, Goldman has made big moves around lateral hires, said it was relocating top execs into open offices, and rolled out new employee inclusion policies. Meanwhile, at least 36 of the bank's partners left the most prestigious club on Wall Street in 2019.
Get the latest Goldman Sachs stock price here.