While Goldman Sachs has made efforts under CEO David Solomon to diversify its revenue stream, it is Wall Street that powers the company.
Goldman SachsFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyAmong its big bank peers, Goldman Sachs is the most reliant on investment banking and trading revenue.That's been a headwind as mergers, initial public offerings and debt issuance all have been muted this year as theboosted interest rates to slow the economy down.
With signs that activity has picked up lately, analysts will be eager to hear about Goldman's pipeline of deals.: Its strategic retrenchment away from retail banking has saddled the firm with losses as it finds buyers for unwanted operations, and its exposure to commercial real estate has resulted in write-downs as well.
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