Goldman Sachs: Bank Discipline 'Imperative' in Times of AI Exuberance
Goldman Sachs Chief Financial Officer Dennis Coleman emphasized the importance of bank discipline amidst high US equity markets driven by artificial intelligence.
Taking a step back, there is no question that there is a fair amount of investor exuberance at the moment. While I feel good about the forward outlook on balance, the market operates in cycles and disciplined risk management is imperative.
Goldman reported net revenues of $15.18bn and net earnings of $4.10bn for the third quarter ended September 30, with net revenues in global banking and markets being $10bn.
Coleman warned that history shows a divergence between companies that thrive and those that fail after a boom driven by new technologies, making risk management crucial.
Author's summary: Goldman Sachs emphasizes discipline amidst AI-driven market highs.
- Net revenues: $15.18bn
- Net earnings: $4.10bn
- Global banking and markets net revenues: $10bn