"Goldman Sachs’ chief David Solomon told shareholders on Tuesday he was exploring “strategic alternatives” for Goldman’s consumer platforms division, including a potential sale of its credit card partnerships with Apple $AAPL and General Motors $GM, or Green Sky, a lender it acquired last year." (FT)

"Solomon pledged to reverse losses at the consumer lending and financial technology division by 2025. The business has incurred more than $3bn in pre-tax losses since 2020." (FT)

"Solomon stuck with a target for return on average tangible common equity — a measure of profitability — of 15 to 17 per cent. This was up from a previous target of more than 14 per cent, but still below longtime rivals Morgan Stanley $MS and JPMorgan Chase $JPM, which command higher stock market multiples." (FT)