Goldman Sachs confident of hitting strategic targets: CFO

NEW YORK (Reuters) – Goldman Sachs remains confident of meeting strategic targets laid out earlier this year including stripping out $1.3 billion in costs over the next 3 years, Chief Financial Officer Stephen Scherr said on Monday.

“We’re making meaningful progress on our $1.3 billion dollar medium-term expense target,” Scherr said at a conference hosted by Bank of America Merrill Lynch.

(Reporting by Matt Scuffham; Editing by Chizu Nomiyama)