Focus: Goldman Sachs CEO’s growth strategy gets traction with board

Market Impact

The assessment, which follows Goldman’s recent board meeting in India, has not been previously reported. It shows that the circle around Solomon believe in his ability to revive the bank’s fortunes. The bank’s shares are broadly flat this year, lagging competitors Morgan Stanley (MS.N) and JPMorgan Chase (JPM.N) where shares have risen 9% and 15%, respectively. Even so, Goldman’s stock is still outperforming the S&P banks index, which is down more than 2% this year.