Goldman Sachs Group Inc at RBC Capital Markets Global Financial Institutions Conference (Virtual) Transcript
Good afternoon, everybody. This is Gerard Cassidy from RBC Capital Markets, and I want to welcome Goldman Sachs to our 25th Annual Financial Institutions Conference.
As many of you know, Goldman is a global powerhouse in the investment banking field, having offices and presences in all the major financial centers. They employ over 40,000 people. More importantly, they have a market cap today of about $123 billion. The stock trades at a premium to book value at about 1.4x. The company has a dividend yield of just about 1.5%, and it has a very strong CET1, common equity Tier 1 ratio of 14.7%, and they have recently announced, for this year, a $23 million share repurchase program.
I'm very pleased and privileged to introduce our guest here, Stephen Scherr, the CFO and Executive Vice President at Goldman Sachs. Many of you know that he's held numerous positions throughout the organization in his career and is very well-versed in the happenings at Goldman Sachs.
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