Wall Street's premier investment bank is reshaping itself after a turbulent decade during which profit at its core trading businesses was crimped by tougher regulations enacted after the 2007-09 financial crisis.
Despite Goldman's record profit in 2021, Solomon is still trying to win over some analysts and investors skeptical about whether it can sustain its strong performance when market conditions normalize. Goldman shares were down 2% in mid-morning trading, in line with the banking sector, which was hit by escalating tensions between Russia and Ukraine.
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