Goldman Sachs: Bank Discipline 'Imperative' in Times of AI Exuberance
Goldman Sachs chief financial officer Dennis Coleman warned about AI market highs as the US bank enjoys handsome profits.
Coleman stated that the bank has become "especially vigilant" to manage risks arising from high US equity markets driven by artificial intelligence.
Taking a step back, there is no question that there is a fair amount of investor exuberance at the moment. While I feel good about the forward outlook on balance, the market operates in cycles and disciplined risk management is imperative.
Goldman reported net revenues of $15.18bn and net earnings of $4.10bn for the third quarter ended September 30, with net revenues in global banking and markets being $10bn.
Author's summary: Goldman Sachs emphasizes bank discipline amidst AI-driven market highs.
More News
- Downings artist's work selected for prestigious Art Riddler exhibition - Donegal Daily
- Trump continues retribution as prosecutors move towards John Bolton indictment
- A roundup of unpublished Photo of the Week submissions
- Alberta pick a plate
- Bucks' next move after cutting Chris Livingston feels inevitable
- WRAP releases communication resources for Simpler Recycling rollout
- The Victoria’s Secret Comeback V Had All Been Waiting For - V Magazine
- Red Wings Rank 10th In PK in Early Going
- The Pentagon Is Learning It’s Not So Easy to Sink a Boat
- Seth Moulton says he will return, reject AIPAC donations in Senate campaign