As part of its presentation to the Barclays Financial Services conference this morning, Goldman revealed that it saw revenue growth opportunities of more than $5b over 3 years. As the slide below shows, this includes: $1BN+ in FICC, $2BN+ in lending/financing (with the bank's "Marcus" loan, deposit platform netting $1BN+), $500MM+ in investment banking, $1BN+ in investment management and $500m+ in equties clients.
The bank also disclosed that its Marcus loan, deposit platform, which is one of the higher paying savings programs available with a rate of 1.20%, recently crossed $1BN in loan originations, and expects to originate $2b by 2017 year-end.
Goldman - Observation - Collapse - Banks - FICC
Even more interesting was Goldman's observation of the collapse of traditionally most profitable for banks FICC sector, which according to Goldman has seen the addressable industry size/revenue plunge from $121 billion in 2009, when Goldman owned a 19% share of industry revenues, to just $66 billion, of which Goldman now holds a paltry 10%.
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System - Wall - Street - Journal - Investors
Something strange is going on in the financial system. And according to The Wall Street Journal, it’s causing some investors to move massive amounts of money out of the banking system.
Of the current $66 billion in total addressable FICC revenue, Goldman holds roughly 10%, broken down between $6.7 billion in market making/liquidity provisioning (rather an oximoron in our days), and $0.9 billion...
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