While small advances in these new fragmented markets might bolster revenue, Goldman is counting on building a successful brand in business lines that lie outside its core DNA. It will do this while expanding its investment banking franchise and trying to improve efficiency in trading. In investment banking, Goldman wants to expand its leading franchise by targeting an extra 1,700 companies, mainly among smaller firms. ADADIt’s a stretch to compare the still very profitable Goldman to Deutsche Bank AG; the German behemoth posted a 5.4 billion-euro ($6 billion) loss in 2019 as it sheds businesses. The bank still relied on a surge in fixed-income in the fourth quarter to support revenue.

Source: Washington Post January 30, 2020 08:33 UTC