Goldman’s CEO Says He’s Optimistic About 2024 as Markets Rebound
- Solomon calls 2023 ‘a year of execution’ for the bank
- Inflation is likely stickier than markets anticipate: CEO
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Goldman Sachs Group Inc. Chief Executive Officer David Solomon said he’s optimistic about this year as his firm expects to reap gains from a rebound in capital-markets activity.
The bank will focus on its two core businesses, global banking and markets, as well as asset- and wealth-management, Solomon said in his annual letter to shareholders, distributed Friday. The CEO noted that the cost of capital is now materially higher following years of easy monetary policy, which he said markets are adjusting to.