Barclays publishes transcript of Goldman Sachs European Financials Conference fireside chat

Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc.

GS

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  • At the Goldman Sachs European Financials Conference on June 3, 2026, Group Finance Director Anna Cross outlined strategy and outlook in a fireside chat with Goldman Sachs’ Chris Hallam.
  • Reiterated group RoTE targets of greater than 12% in 2026, greater than 14% in 2028; Q1 RoTE was 13.5% despite 170 bps hits.
  • Maintained plan to distribute greater than GBP 15 billion; shifted to quarterly buybacks, lifted dividend to GBP 2 billion from GBP 1.2 billion.
  • Sticking with a 14% CET1 planning assumption pending UK regulatory clarity; excess capital returned unless high-return organic or inorganic opportunities emerge.
  • Efficiency drive remains central: GBP 2 billion gross efficiencies targeted for 2026-2028; Barclays UK expected to cut absolute costs over time as Tesco integration costs exit.


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