Markets are turning profitability screws on companies, says Goldman Sachs CEO
05 November 2019 - 17:39
New York/Frankfurt — Goldman Sachs Group, stung by losses in Uber Technologies and WeWork, has a message for investors in growth stocks: profit matters.
After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing on whether companies can translate top-line expansion into profitability, CEO David Solomon said on Tuesday in a wide-ranging interview that also touched on Europe’s negative interest rates and his plans for the bank’s investor day in January...
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