Mike I mean so much going on right and
Goldman I mean we have this great story
saying look this is a make or break uh
moment for one of the units as the chief
executive is really put to the test yes
I think you know we're talking about
that unit being the asset and wealth
management unit uh that has been for a
long time what Goldman has pointed to is
this is the path to us getting a higher
multiple we make a lot of money in
trading we make a lot of money
Investment Banking but investors don't
give that a very high multiple because
it's so volatile because it swings
around so much so this can be the steady
ballast of our bank that's what Morgan
Stanley has done so successfully under
James Gorman and that's where Goldman is
trying to get more credit uh and I think
the investor day will be a big piece of
that can David Solomon turn this round
well if you look at a year ago Jamie
dimon used his investor day to really
kind of head on take on criticism of the
bank's spending and really you know kind
of change The Narrative of that I think
that's what Solomon will try to do here
kind of change the name it's all about
the Flop that was consumer banking but
if they can show some momentum in this
other business that investors tend to
like that could help change some of the
you know momentum of so momentum is so
this is what negative narrative so he
basically I mean will he say that
everything's on the table and and how
much is is his job on the line actually
I think you know the stock has been
doing okay it hasn't been doing terribly
but if you know I think what investors
look to is that difference with Morgan
Stanley uh in terms of the multiple
which is a far cry from a decade ago
when Morgan Stanley was looking up at
Goldman so I think they want to see a
turnaround there there obviously has
been agita over you know the partner
bonuses were cut pretty dramatically in
what was a decent year for the trading
and Investment Banking businesses so I
think it's about getting confidence back
in the direction that they're going