| 2016-10-18 09:45:08|
GS 09:45 10/18 10/18/16
Goldman Sachs: Global client franchise 'in great shape'
Says Q3 shows "steady improvement." Says markets generally improved in Q3, credit spreads tightened. Says investment banking revenue "robust." Says Q3 debt underwriting revenue is year-to-date record. Says FICC driven by credit, mortgages. Says global client franchise "in great shape." Says many clients challenged by low growth environment. Says that in addition to $700M savings initiative, also exploring additional means of improving efficiency. Says taking "slow, methodical approach" with Marcus. Says focused on navigating today's environment, still preparing for future. Comments taken from the Q3 earnings conference call. Goldman Sachs is up 2.4% to $173.05 in early trading.