Goldman Sachs: Bank Discipline 'Imperative' in Times of AI Exuberance
Goldman Sachs Chief Financial Officer Dennis Coleman has emphasized the importance of bank discipline in managing risks associated with 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.
Coleman warned that history shows a divergence between companies that thrive and those that fail after a boom driven by new technologies, highlighting the need for disciplined risk management.
- Net revenues: $15.18bn
- Net earnings: $4.10bn
- Global banking and markets net revenues: $10bn
The bank's third-quarter earnings demonstrate its handsome profits, but Coleman remains cautious, stating that
the market operates in cycles and disciplined risk management is imperative.
Author's summary: Goldman Sachs prioritizes risk management amidst AI-driven market highs.