MAAT INDEX

CLAIM #28718 · GS (GS) · 2021Q3 earnings call · Oct 15, 2021 · due Oct 15, 2022

I don't want to say that the share gains are going to continue at this pace because they won't, we know that.

David Solomon · CEO

PENDING
graded after results covering Oct 15, 2022 are reported

In context

re but the results are just another quarter of market share gains in the trading businesses. But the share gains have been so dramatic over the last few years that one has to wonder how sticky it could be going forward. Just curious how you think about sustainability of share gains in trading business as we roll into 2022 and 2023. David Solomon: Well, Christian, I appreciate your focus on the share gains. I don't -- I think it's a really important part and highlight of what we've been executing on in the context of the strategy that we laid out when we went back to Investor Day. And so I think there are a couple of things we've tried to do very differently over the last few years to strengthen the position of this business. And I think the accruing results that will be quite sticky. And I don't want to say that the share gains are going to continue at this pace because they won't, we know that. But we've positioned the business much, much better for I think 2 principal reasons. Number 1, the business has been much more focused on having a client-centric one GF culture to really figure out how to serve the needs of our clients in a very holistic way. The business has been less transactional, more long-term focused on the client relationship and the level of client service, while bringing to bear the market-making, provisioning, and financing capabilities of the firm that we have. And I'm hearing repeatedly from clients that they see a real switch in the way we're operating the business, and it's accruing the market share gains, it's benefiting us in that context. Number 2, we were never an organization that focused on financing our clients as a business segment that we could me

Verify independently

SEC filings for GS · Claim quote is verbatim from the 2021Q3 earnings call.