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  • Previous Rank271
  • Revenues ($M)$42,254
  • Revenue Percent Change12%
  • Profits ($M)$4,286.00
  • Profits Percent Change-42.1%
  • Assets ($M)$916,776.00
  • Employees36,600

Revenue grew the fastest in five years at Goldman Sachs in 2017—but the headline figures belied shifting sands under the goliath’s toes. Long-venerated as a trading powerhouse, Goldman Sachs has struggled to regain its foothold there since the financial crisis. The segment has failed to perform, even though the bank relies on trading revenues more so than its peers. Now, Goldman is on a mission to adapt and diversify. In 2017, the behemoth announced plans to boost loans to wealthy clients and companies. And though Goldman is perhaps better known to the average as the great Vampire Squid that helped tip America into a financial crisis, the firm is now trying to break into consumers’ wallets with savings accounts, personal loans, and more recently, a co-branded Apple credit card. CEO Lloyd Blankfein also laid a path for what’s to come after his yet-to-be-announced departure. Despite Blankfein’s own trading roots, he named David Solomon, a wine-loving DJ with investment banking roots, as sole chief operating officer of the firm in a sign that an heir apparent had been chosen.

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Company Information

CEO
Lloyd C. Blankfein
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
New York City
Websitehttp://www.gs.com
Years on Global 500 List19
Employees36,600

Goldman Sachs Group Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$42,25412%
Profits ($M)$4,286.00-42.1%
Assets ($M)$916,776.00-
Total Stockholder Equity ($M)$82,243.00-

Profit Ratios

Profit as % of Revenues10.1%
Profits as % of Assets0.5%
Profits as % of Stockholder Equity5.2%