David Solomon
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think you're gonna see an acceleration of that into 26 for sure.
And increasingly, CEOs are testing what the bounds are of their ability to enhance their competitive position or improve their scale and their lead where they have a leading position in a variety of industries.
And I think the regulatory environment's going to permit that at the moment.
Well, we don't really think about it next year.
Our priorities always start with the way we face and serve our clients.
But in 2019, 2020, we laid a strategic plan out for the firm, and we've been executing against it for the last six or seven years.
And as you highlighted earlier in the discussion, we've created a lot of value because we've grown the firm.
At the end of the day, as a public company, we have to grow.
We might be a big, mature public company, but we have to grow.
We have to grow.
We have to grow our earnings.
And to do that, you have to have a cogent plan where you're investing in different parts of the business.
We have two big principle businesses, our investment banking and trading business, where I think there's little debate about our leadership position.
It's an extraordinary business, very big business.
We've been investing and adding more resources to that business over the last five, six years.
We've increased our market shares very meaningfully in that business.
Our market shares are up about 350 basis points over the last five years in that business.
And then separately, we have the fifth or sixth, seventh, depending on how you look at it, largest active asset manager in the world.
We manage about 3.3, $3.4 trillion through our asset and wealth management platform.
That business is growing high single digits is what we've put out publicly.