Goldman Sachs’ CFO said the same thing 16 times in an earnings call, and it shows how the bank’s changing

Goldman Sachs announced first-quarter earnings Tuesday morning, smashing analyst expectations. On an analyst call after the results were published, CFO Marty Chavez was asked about Goldman Sachs’ tech strategy, trading, and investment banking.  He had a version of the same answer for almost every question, stressing Goldman Sachs’ diversification and efforts to diversify further. 

Diversification.

That’s the word of the day at Goldman Sachs, which announced first-quarter earnings Tuesday morning, smashing analyst expectations. On an

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