Goldman Sachs' board is discussing naming chief operating officer John Waldron as the firm's next chief executive as soon as next year, according to a Wall Street Journal report on September 28, succeeding David Solomon. Waldron has been widely reported as the likely successor since becoming president and chief operating officer, so the news is the timing rather than the name. Solomon would not be leaving under pressure on results, an unusual departure for a large-bank chief executive. Goldman generated about $67.57 billion of revenue over the past twelve months, and in the most recent quarter revenue rose 42.5%, earnings rose 78% against a year earlier, and return on equity reached 16.9%. The firm trades at about 14 times trailing earnings and 2.52 times book value, and was held by 92 hedge funds with a combined stake value of about $11.2 billion at the end of Q2 2026, up from 83 hedge fund holders with a cumulative investment value of around $8.8 billion in the previous quarter.
Goldman Sachs Group IncBoard weighs naming John Waldron as next CEO to succeed David Solomon, a leadership-succession event with no clear directional impact on results.
