Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS)' board has discussed a succession plan that could see COO John Waldron succeed David Solomon as CEO as early as late 2027 or 2028, according to a Wall Street Journal report. Analysts at Bank of America say the move would come as little surprise.
The U.S. Federal Reserve announced Wednesday it had finalized changes to its annual "stress test" of large bank finances to make the exams more transparent and less volatile.
Goldman Sachs' private credit fund said on Tuesday that investor requests to pull money further slowed down in the third-quarter tender offer, with redemption pressure easing across the broader industry.
The Goldman Sachs board has reportedly discussed replacing CEO David Solomon, 64, with president John Waldron, 57, as early as next year. But there's a key risk facing Goldman: Solomon may not be ready to give up his seat, and Waldron may not be willing to wait for it indefinitely.
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