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Blankfein: Days of 30% ROE are over, but 15% doable

Published 01/25/2018, 08:34 AM
© Reuters.  Blankfein: Days of 30% ROE are over, but 15% doable
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  • Speaking from Davos, Goldman Sachs (NYSE:GS) CEO Lloyd Blankfein tells Bloomberg the post-crisis plunge in leverage means the pre-crisis return on equity levels around 30% aren't coming back. Fifteen-percent, though, is "highly possible." It was just under 11% in 2017.
  • Of the troubled fixed-income and commodities trading units, Blankfein calls them "jewels," but says teams there could have executed better. Heads don't look like they'll be rolling though, as Blankfein adds "we have the right people running" those operations.
  • Now read: Goldman Sachs: The Devil Is In The Details


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