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Goldman Sachs Group Inc. CEO David Solomon said Tuesday that the bank’s franchise remains “strong” despite setbacks in its consumer-banking unit, as he looked past a rough couple of months for the marquee investment bank.
In its first investor day in three years and the second since Solomon took the reins as CEO in 2018, Goldman Sachs GS reiterated its outlook for average return on equity to 14% to 16%, up from greater than 13% three years ago. The bank also reported an average return on equity of 14.8% over the past three…
