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Goldman Sachs’ David Solomon on DJ distractions, his real estate foray and banks’ consolidation

'I'm gonna have some outside interests because I'm a human being, like anyone running any of these institutions'

David Solomon: 'If you go back 25 years ago, there were 13,000 banks. Today, there are a little over 4,000. I think you're gonna continue to see consolidation.'
David Solomon: 'If you go back 25 years ago, there were 13,000 banks. Today, there are a little over 4,000. I think you're gonna continue to see consolidation.' Photo: Getty Images for Vox Media

David Solomon is on a bit of a hot seat, which is curious from a stock market perspective.

Since he became CEO of Goldman Sachs Group in October 2018, shares of GS have climbed 45% versus a 12% decline for the Bluestar Top 10 Banks Index. Goldman shares have outperformed the S&P 500 over the same period, as well. And the firm's vaunted investment banking and trading franchises are still the envy of the industry. All of which would seem to be enough to keep his constituents satisfied — and yet, that isn't quite the case.

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