Company and Industry Overview * **Company**: Goldman Sachs Group, Inc. (NYSE:GS) * **Industry**: Investment Banking, Financial Services * **Event**: Annual Shareholders Meeting Conference Call, April 24, 2024 Key Points 1. Company Performance and Strategy * **2023 was a year of execution**: Despite a challenging operating environment, Goldman Sachs narrowed its strategic focus and delivered on its strategy, positioning the firm for future growth. * **Significant progress**: Stock doubled over the last 5 years, dividend tripled, and book value per share grew by 54%. * **Long-term focus**: Continue to be a trusted advisor, employer of choice, and generate mid-teens returns through the cycle. 2. Culture and People * **Investment in culture**: Significant focus on reinvigorating the firm's culture, led by CEO David Solomon. * **People as a differentiator**: Emphasis on the talent and capabilities of Goldman Sachs employees. 3. Board of Directors * **Introduction of Board members**: Highlighted the roles and contributions of the Board of Directors. * **Outgoing members**: Recognized the contributions of outgoing Lead Director Bayo Ogunlesi and Jessica Uhl. 4. Shareholder Proposals and Voting Results 4.1 Election of Directors * **Unanimous recommendation**: Shareholders approved the election of all director nominees. 4.2 Executive Compensation * **Say-on-pay vote**: Shareholders approved the executive compensation of named executive officers with approximately 86% support. 4.3 Ratification of Independent Auditors * **Unanimous recommendation**: Shareholders approved the ratification of PricewaterhouseCoopers as independent auditors with approximately 95% support. 4.4 Independent Chair Proposal * **Shareholder proposal**: Proposed by the National Legal and Policy Center, advocating for the separation of CEO and chair roles. * **Voting result**: Rejected by approximately 33% of shareholders. 4.5 Transparency and Lobbying Report * **Shareholder proposal**: Proposed by John Chevedden, requesting disclosure of lobbying expenditures and dark money payments. * **Voting result**: Rejected by approximately 39% of shareholders. 4.6 Outcome Report on Protected Classes of Employees * **Shareholder proposal**: Proposed by The Nathan Cummings Foundation, requesting data on efforts to eliminate harassment and discrimination. * **Voting result**: Rejected by approximately 15% of shareholders. 4.7 Environmental Justice Impact Assessment * **Shareholder proposal**: Proposed by the Sierra Club Foundation, requesting an assessment of environmental justice risks related to energy and power sector financing. * **Voting result**: Rejected by approximately 10% of shareholders. 4.8 Clean Energy Supply Financing Ratio * **Shareholder proposal**: Proposed by the New York City Comptroller, requesting disclosure of the ratio of financing for low-carbon energy supply relative to fossil fuel energy supply. * **Voting result**: Rejected by approximately 29% of shareholders. 4.9 GSAM Proxy Voting Review * **Shareholder proposal**: Proposed by the Presbyterian Church (USA), requesting a review of proxy voting policies related to diversity and climate change. * **Voting result**: Rejected by approximately 8% of shareholders. 4.10 Financial Statement Assumptions Regarding Climate Change * **Shareholder proposal**: Proposed by the National Center for Public Policy Research, requesting a report on financial statement assumptions regarding climate change. * **Voting result**: Rejected by approximately 1% of shareholders. 4.11 Pay Equity Reporting * **Shareholder proposal**: Proposed by Newground Social Investment, requesting transparent disclosure of racial and gender pay gaps. * **Voting result**: Rejected by approximately 30% of shareholders.

好的各位投资者朋友们大家下午好很高兴今天能够和大家在线上相聚我是今天活动的主持人今天我们也非常有幸邀请到了富国基金量化投资部的基金经理金泽宇博士来与大家做交流金博好先和我们直播间的观众朋友们打个招呼 好的主持人好各位投资者朋友们大家下午好啊很高兴有这么个机会给大家聊一下近期的一些市场热点嗯好的啊那么今天的交流呢正如丁博所言啊围绕市场近期的一些热点展开啊那么主要是啊从三个主题啊我们会做一些分享啊一低空经济与旅游板块热度不解 2. 红利类风格的防御特征比较突出3. 补一下最后的机会与风险那么在开始直播前首先也和各位进行本次直播的一个风险提示也提醒大家注意1. 内容及观点仅供参考不构成具体的投资建议 二、基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产,但不保证基金一定盈利,也不保证最低收益。基金的过往业绩及其净值高低并不预示其未来业绩表现。基金管理人管理的各基金业绩并不构成对旗下其他基金业绩表现的保证。请投资者关注指数基金投资风险,包括但不限于标的指数回报与股票市场平均回报偏离。 标的指数波动、基金投资组合回报与标的指数回报偏离等特有风险。基金管理人洗洗投资人、基金投资的买者自负原则,在做出投资决策后, ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 M Idea April 2, 2024 10:05 PM GMT Asia EM Equity Strategy | Asia Pacific Morgan Stanley Asia (Singapore) Pte.+ Daniel K Blake Equity Strategist Alpha, Beta, Thematic Biweekly Daniel.Blake@morganstanley.com + 65 6834-6597 Jonathan F Garner Equity Strategist – NISA Surge into Japan's Jonathan.Garner@morganstanley.com + 65 6834-8172 Kristal Ji Equity Strategist Secular Bull Market and Asian Kristal.Ji@morganstanley.com + 65 6834-6949 Morgan Stanley Asia Limited+ Equity Supply/Deman ...

更多资料加入知识星J球P：水M木调O研纪要R 关G注公A众号：N水木纪要 Global Emerging Markets Research 08 April 2024 Emerging Markets Outlook and Strategy Broadening growth helps EM weather higher core rates Key topics Emerging Markets Strategy Luis Oganes AC • An improving global growth outlook helps provide offsets for EM assets to (44-20) 7742-1420 higher US yields. luis.oganes@jpmorgan.com J.P. Morgan Securities plc • Our recommendations remain OW EM FX, OW EM local rates (in smaller Jonny Goulden AC size) and MW in EM credit, with a b ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Kunj J PadhAC(1-212) 834-5108 James Nelligan (44-20) 3493-6829 Global FX Strategy JPMORGAN kunj.padh@jpmchase.com james.nelligan@jpmorgan.com J.P. Morgan Securities LLC J.P. Morgan Securities plc 05 April 2024 Patrick R Locke (1-212) 834-4254 Octavia Popescu (44-20) 3493-5654 patrick.r.locke@jpmchase.com octavia.popescu@jpmorgan.com J.P. Morgan Securities LLC J.P. Morgan Securities plc Macro Trade ity data continues to point to a strong US economy (including this weeks NFP relea ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 M Update April 8, 2024 04:46 AM GMT Global Macro Strategy | Global Morgan Stanley & Co. LLC Zoe K Strauss Strategist Global FX Positioning: Slight Zoe.Strauss@morganstanley.com + 1 212 761-0407 Andrew M Watrous Strategist reduction in long USD positions Andrew.Watrous@morganstanley.com + 1 212 761-5287 Morgan Stanley & Co. International plc+ ahead of US CPI David S. Adams, CFA Strategist David.S.Adams@morganstanley.com +44 20 7425-3518 Wanting Low Strategist Wanting.Low@morganst ...

Global Research and Evidence Lab 5 April 2024 Global Equity Strategy Facts and Figures: Utilities – six reasons to focus on the Transmission and Distribution companies There are six reasons why we think investors should focus on utilities (especially in Europe) with a preference for the Transmission and Distribution (T and D) companies. 1) Cyclicals as a whole are pricing in a lot of good news The price ratio of cyclicals relative to defensives is discounting extremes in PMIs. The best measure of value has ...

更更多多资资料料加加入入知知识识星星J球球P：：水水M木木调调O研研纪纪要要R 关关G注注公公A众众号号：：N水水木木纪纪要要 Asia Pacific Economic Research 07 April 2024 China: FX reserves beat again Gold price onshore signals CNY depreciation pressure, but more depends on PBOCs CNY fixing Chinas FX reserves delivered upside surprise again in March, rising US Emerging Markets Asia, Economic $19.8bn to $3,245.7bn. It compares to our forecast for a tick lower to US and Policy Research $3,223.5bn, pointing to 1) larger-than-expected trade surplus or current account Ting ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 ab Global Research and Evidence Lab 5 April 2024 European Economic Comment Economics Eurozone: Retail sales disappoint again in Europe including UK February Franziska Fischer Economist franziska.fischer@ubs.com +41-44-239 2054 Retail sales fell 0.5% m/m in February, after stagnating in January Reinhard Cluse In February, Eurozone retail sales continued their weak trend of the past two months, Economist falling by 0.5% m/m (-0.7% y/y), slightly weaker than consensus (-0.4% m/m). ...

Accessible version 更多资料加入知识星球：水木调研纪要 关注 公众号：水木纪要 The Flow Show Anything But Bonds Scores on the Doors: crypto 50.4%, oil 20.9%, commodities 11.8%, gold 10.5%, stocks 6.9%, US dollar 2.8%, cash 1.4%, HY bonds 1.4%, IG bonds -0.8%, govt bonds -3.3%. 0 4 April 2024 Investment Strategy Zeitgeist: “This is the moment in rally when bears start to talk about their longs.” A bull. Global Zeitgeist: “It’s different this time…it always is at new highs.” A bear. Zeitgeist: “They just jacked up my rent 20%...I’ll have ...