Equities

Reuters reveals Goldman Sachs plans shift from revenue goal at first investor day

Reuters reveals Goldman Sachs plans shift from revenue goal at first investor day

Reuters reported exclusively that after Goldman Sachs Group Inc told investors more than two years ago that it would find $5 billion in fresh annual revenue by 2020, the bank is preparing to move away from that goal to focus on a wider range of metrics. Reuters sources said the new targets, to be outlined by Chief Executive David Solomon’s management team in January at Goldman’s first-ever investor day, could include a broad efficiency ratio and profitability measures.