“There's no reason why we're not going to get back to 10-year average is a tailwind, but you can look at the performance in banking and markets, and that's one building block in the foundation for mid-teens returns.”

How to check this claim

Look at: Return on equity (ROE) / return on tangible common equity (ROTE), full fiscal year

It came true if: Full-year ROTE >= 15% (mid-teens or higher) for fiscal year 2027

Where: Company-reported ROE/ROTE in 10-K or quarterly earnings release/supplement

Verify independently

SEC filings for GS ↗ · Claim quote is verbatim from the 2024Q3 earnings call.