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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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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