Goldman ‘Comfortable’ With Leverage Ratio: Schwartz

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July 16 (Bloomberg) -- Goldman Sachs Chief Financial Officer Harvey Schwartz said the firm is “very comfortable with where we are” in terms of meeting U.S. regulators’ proposed minimum ratio of capital to assets. Scarlet Fu reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)


I took that line from an analyst.

The leverage ratio, to cope and operate in times of stress.

It measures the amount of equity may have to hold.

The bank was very comfortable with where they stood on the leverage ratio but he did not disclose a specific number.

They try to get a nuance of how high and how low.

They said when we have real confidence in the exact numbers then we will share it with you.

We will go with pretty comfortable or very comfortable.

Citigroup has indicated the ratio average reached five percent in june.

Wells fargo said it exceeded both the minimums.

U.s. relators have proposed a minimum of that regulators have proposed five percent.

Jpmorgan is below those at 4.7%. another thing i want to point out, the fixed income currencies.

It was a record number for goldman sachs.

At the same time, the actual increase trailed that of its peers.

The fixed revenue was 12%. it trailed j.p. morgan's 70% and citigroup's 18%. -- j.p. morgan's 17%. what was the tone of the call?

The reason i ask is because we have seen it goldman sachs stock lose more and more.

It is only down a couple of bucks.

Nonetheless, it seems as though people were losing more confidence over the course of the call instead of gaining it.

It sounded like they wanted to get more certainty around the leverage ratio.

Goldman sachs would not budge on that.

They were cautiously optimistic about the economy.

They kept coming back to the phrase that we are cautious yet optimistic.

We don't want to get too far ahead of ourselves in predicting anything specific because a lot can change between now and the end of the year.

This text has been automatically generated. It may not be 100% accurate.


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