The average Goldman Sachs Group Inc (NYSE:GS) client has $40 million under management with the firm, as assets under supervision climbed to a record $1.08 trillion and investment banking advisory net revenues continued to remain at the top of the industry, almost double that of the next competing firm.
World class franchise
Speaking Wednesday at a Sanford C. Bernstein Strategic Decisions Conference, Goldman Sachs Group Inc (NYSE:GS) Chief Operating Officer Gary Cohn painted a positive picture of the prodigious investment bank going forward. Cohn cited “continued leadership in a world clash franchise” as he noted the ability to adapt to industry trends, obtain greater “wallet share” of clients...
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