The Goldman Sachs Group Inc

GS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$743.00	Chzgppt	Nwxjnzs

Goldman Sachs' Multiple Revenue and Expense Lines in Transition; Fair Value Up to $417 From $368

Michael Wong

Apr 2, 2024

Business Strategy and Outlook

Goldman Sachs is refocusing the initiatives it’s been working on the previous several years. At its 2023 investor day, it emphasized three priorities. In its investment banking and trading business, it wants to maximize client wallet share and grow its financing business. In asset and wealth management, it wants to grow its management fees, including in wealth management and raising third-party capital for its alternatives business. In its new platforms business, it wants to scale and achieve profitability.

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