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Wall Street’s premier investment bank also set new goals for transaction banking deposits and wealth and asset management fees.
The bank said it expects to achieve a return on tangible equity (RoTE) of 15-17%, compared with 14% previously. It expects to achieve a return on equity of 14-16%, compared with 13% previously.
“We believe we have the right plan in place that will enable us to serve clients, drive returns, and unlock significant value for our shareholders,” Chief Executive David Solomon said in a presentation at the Credit Suisse (SIX:CSGN) Financial Services Forum in Florida.
Goldman also set a new target to achieve annual revenues of more than $4 billion from its consumer business by 2024.
