CLSA analyst Mike Mayo summed up the leverage capital discussion, during the call, by saying "I think the word of the day is 'comfortable'."
Before the call, KBW analyst Frederick Cannon wrote in a note to clients that "It is difficult to see how GS can optimize the return on capital given the little disclosure that is provided."
Cannon has a "market perform" rating on Goldman, with a price target of $155.00.
Goldman's shares were down 2% to close at $160.24.
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-- Written by Philip van Doorn in Jupiter, Fla.