2min chapter

The Compound and Friends cover image

What's Really Going On At Goldman Sachs?

The Compound and Friends

CHAPTER

The Challenges of CEO David Solomon

I don't even think things are going badly at Goldman Sachs right now. I think JPMorgan is probably not a great comp for Goldman, even though in name only they're both considered banks. And then what makes it harder is the Morgan Stanley comp because Morgan Stanley is on fire in many ways where Goldman is not. So you can just see in this environment where interest rates are high and deal volume is low, they're just crushing it.

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