Since taking over from Lloyd Blankfein, Solomon has looked to diversify revenue, with more focus on consumer banking and mass market investors.
The corporate pivot is still happening but not fast enough to overcome the drag from an eroding consumer lending unit. And the bank footprint shrinks.
Net interest income actually increased despite the zero-rate environment while the investment banking side hit records in the quarter.
(SEC) is planning to release a wide-ranging consultation this week.