Core Viewpoint - Goldman Sachs CEO David Solomon has not yet formed a definitive opinion on whether U.S. public companies should reduce their earnings reporting frequency from quarterly to semi-annually, a topic recently raised by former President Trump [1][2][3]. Group 1: Current Reporting Standards - Current regulations mandate that publicly traded companies report earnings quarterly, while forecasts remain voluntary [4]. - Changes to these reporting requirements can be enacted by a majority vote at the U.S. Securities and Exchange Commission (SEC), which currently has a Republican majority [4]. Group 2: Arguments For and Against Change - Proponents of reducing reporting frequency argue that longer reporting cycles can still provide adequate financial disclosure, allowing companies to focus on long-term business strategies and investments [4]. - Opponents, including Solomon, caution that such a shift could reduce transparency for investors, emphasizing the importance of regular financial disclosures [4]. Group 3: Industry Perspectives - JPMorgan Chase CEO Jamie Dimon has criticized the quarterly earnings practice, suggesting it encourages a short-term focus detrimental to the economy [5]. - Charles Schwab CEO Rick Wurster expressed that any changes promoting a longer-term orientation could be beneficial for the economy, but acknowledged the ongoing demand from shareholders and analysts for regular communication [5][6].