Surveillance: Equity Caution with Wei Li
Bloomberg Surveillance
00:00
Is the Goldman Brand Going to Conquer the Consumer Market?
The Goldman brand supposedly was going to conquer the consumer market and it didn't. The missing question here is that's great to be a great investment bank, but you have to have recurring revenue work through the cyclical parts of the market. At the same time, I don't think they're going to make any big acquisitions. Right now, they just want to have a calm where they can tell shareholders, we're going to be more efficient.
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