Goldman Sachs on target to meet medium,long-term growth goals: executive

Goldman Sachs on target to meet medium,long-term growth goals: executive

Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus.

FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the
FILE PHOTO: The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid/File Photo

NEW YORK: Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus.

Waldron said the economic shutdown has caused some negative impacts, though, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product.

(Reporting By Elizabeth Dilts Marshall; Editing by Nick Zieminski)

Source: Reuters

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