Goldman CEO Frustrated by Stock Price, Says Most Staff in Office Every Day

Goldman Sachs Group

CEO David Solomon expressed some frustration with the valuation of the company’s stock, noting that it generally has traded a premium to book value since its IPO in 1999.

“Would I like the EPS [earnings per share] power of the firm to be recognized,” Solomon told CNBC on Tuesday in an interview after Goldman (ticker: GS) reported third-quarter earnings of $8.25 a share, which were down 44% from year-earlier profits of nearly $15 a share but above the consensus estimate of $7.75 a share.