Goldman Sachs raises its main profit target

The Goldman Sachs symbol and logo are seen on a floor screen at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo

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NEW YORK, Feb 17 (Reuters) – Goldman Sachs (GS.N) raised its key medium-term profit target on Thursday as it provided an update on its strategy and targets.

The bank said it expects to achieve a return on tangible equity (RoTE) of 15-17%, up from 14% previously.

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Reporting by Matt Scuffham Editing by David Goodman

Our standards: The Thomson Reuters Trust Principles.

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