Goldman Sachs is making sweeping changes to make it easier for investors to compare the storied Wall Street firm with its peers.
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The New York-based investment bank announced new business segments for the reporting of its quarterly results. The changes will take place beginning with Goldman’s 2019 fourth-quarter results and annual results scheduled to be released on Jan. 15.
The new business segments are:
- Investment Banking
- Global Markets
- Asset Management
- Consumer Wealth & Management
Goldman expects the changes to “better reflect how the firm is now managed” and “help drive greater accountability for executing its forward strategy.”