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Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day

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Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day | Barron’s


Goldman Sachs Group

CEO David Solomon expressed some frustration with the valuation of the company’s stock, noting that it generally has traded a premium to book value since its IPO in 1999.

“Would I like the EPS [earnings per share] power of the firm to be recognized,” Solomon told CNBC on Tuesday in an interview after Goldman (ticker: GS) reported third-quarter earnings of $8.25 a share, which were down 44% from year-earlier profits of nearly $15 a share but above the consensus estimate of $7.75 a share.

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