Goldman Sachs: Bank Discipline 'Imperative' in Times of AI Exuberance
Goldman Sachs chief financial officer Dennis Coleman has warned about the risks of high US equity markets driven by artificial intelligence.
Taking a step back, there is no question that there is a fair amount of investor exuberance at the moment. While I feel good about the forward outlook on balance, the market operates in cycles and disciplined risk management is imperative.
Goldman reported net revenues of $15.18bn and net earnings of $4.10bn for the third quarter ended September 30. Net revenues in global banking and markets were $10.
The bank has become "especially vigilant" to manage risks arising from high US equity markets driven by artificial intelligence, according to Coleman.
- Net revenues: $15.18bn
- Net earnings: $4.10bn
Author's summary: Goldman Sachs warns of AI market risks.