Goldman Sachs Group Inc. (GS) Chief Executive Officer David Solomon addressed attendees at the Barclays Global Financial Services Conference. During the presentation, Solomon provided an update on the firm's operational expenses.
The CEO stated that non-compensation expenses for the company are expected to run more than $500 million higher on a sequential basis. This figure represents the increase in costs associated with operations, excluding compensation and benefits for employees.
The remarks were made in the context of the conference, where Solomon discussed the firm's financial outlook and operational metrics.
