Goldman Sachs Group Inc. CEO Lloyd C. Blankfein

Goldman Sachs Group Inc. CEO Lloyd C. Blankfein

Scott Eells/Bloomberg

Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein is seeking to increase return on equity, which was 10.7 percent last year, by cutting $1.9 billion in expenses and benefiting as trading volume increases and some competitors exit business lines.