<p>这三大制药公司财报中最重要的部分并不是超出预期的表现</p>
<p>摩根士丹利集团（Goldman Sachs Group NYSE: GS）强调了 2025 年的同比增长，并在犹他州盐湖城召开年度股东大会时报告了 2026 年第一季度的创纪录业绩。会议还对董事选举、执行薪酬、审计师确认和三项股东提案进行了投票，初步结果显示所有提案均被否决。</p>
<h2>2025 年业绩和 2026 年第一季度结果</h2>
<p>在开场发言中，会议主持人表示，摩根士丹利在 2025 年在其 “世界级互联业务” 中实现了 “强劲表现”，同时继续执行其战略。主持人报告称，该公司净收入同比增长 9%，达到 <strong>583 亿美元</strong>，每股收益增长 27%，达到 <strong>51.32 美元</strong>，股本回报率提高 230 个基点，达到 <strong>15%</strong>。</p>
<ul>
<li>大型银行财报提振金融股，但华尔街仍然谨慎</li>
</ul>
<p>主持人还表示，摩根士丹利在 2026 年第一季度实现了 “历史上第二高的净收入、净收益和每股收益”，将这一业绩归因于 “持续的执行力”。</p>
<p>回顾该公司 2020 年 1 月的投资者日战略，主持人表示，从 2019 年到 2025 年，摩根士丹利的整体净收入增长了约 60%，每股收益增长了 144%，回报率提高了 500 个基点。主持人补充说，在此期间，该公司实现了超过 340% 的总股东回报，主持人称这是同行中最高的，同时还显著改善了公司的风险状况和收益的韧性。</p>
<h2>One Goldman Sachs 3.0 和运营环境</h2>
<ul>
<li>尽管第一季度财报遭遇抛售，摩根士丹利依然展现出强劲实力</li>
</ul>
<p>主持人表示，摩根士丹利宣布推出 <strong>One Goldman Sachs 3.0</strong>，将其描述为一个 “由人工智能驱动的运营模式”。主持人表示，该公司相信这一模式将随着时间的推移，推动更强的运营杠杆、更大的韧性以及更高的效率和回报，同时 “继续提升我们对客户的服务”。</p>
<p>主持人还指出，当前的 “动态环境” 受到加速的技术变革、部分私人信贷的不确定性以及加剧的地缘政治紧张局势的影响。尽管难以预测市场结果，主持人表示，该公司 “始终表明，在不确定时期，客户会将摩根士丹利视为值得信赖的顾问，以获得强有力的执行和独特的见解”。</p>
<h2>董事会、法定人数和会议提案</h2>
<p>主持人介绍了出席的董事会和管理层成员，包括首席董事 David Viniar 和总裁兼首席运营官 John Waldron。主持人还感谢 Lakshmi Mittal，他 “今天从我们的董事会退休”，感谢他 “近 18 年的服务”。</p>
<p>主持人表示，至少 <strong>86%</strong> 的流通股东亲自或通过代理出席，形成法定人数。股东被要求投票：</p>
<ul>
<li>董事选举</li>
<li>对执行薪酬的咨询 “薪酬表决” 投票</li>
<li>确认普华永道为 2026 年的独立审计师</li>
<li>一项股东提案，要求降低召开特别会议的门槛</li>
<li>一项股东提案，要求披露能源供应比率</li>
<li>一项股东提案，要求扩大游说披露</li>
</ul>
<p>主持人指出，来自美国家庭协会的关于慈善捐赠报告的提案已被撤回，该提案在代理声明中作为第五项投票事项，之前对此的任何投票均被视为无效。</p>
<h2>股东提案：特别会议门槛、能源供应比率和游说披露</h2>
<p>作为股东代表和私人投资者，Drew Jorgensen 提出了一项提案，要求董事会修改治理文件，允许持有合计 10% 流通普通股的股东召开特别股东会议，而不是公司现有的 25% 要求。Jorgensen 认为 25% 的门槛是 “无法达到的”，并敦促股东 “投票支持可实现的 10%”。</p>
<p>纽约市审计长办公室的企业治理执行董事 Yumi Narita 代表审计长 Mark Levine 和纽约市养老金基金提出了一项提案，要求披露 “能源供应比率”（ESR）。Narita 将 ESR 描述为 “一个简单的基于美元的指标”，反映融资在低碳和化石燃料活动之间的分配。她表示，投资者缺乏年度能源供应融资的具体信息，并认为 ESR 将通过反映 “实际融资流动” 来补充融资排放报告。Narita 还表示，该提案 “故意不具约束性”，方法论 “完全由公司自行决定”。</p>
<p>Narita 还提出了一项由 Mercy Rome、Fergus Foundation 和 Eric 与 Emily Johnson 提交的游说披露提案，伊利诺伊州斯普林菲尔德的多米尼加姐妹作为共同提交者。她表示，该提案要求摩根士丹利发布年度报告，披露直接和间接的游说支出，包括通过贸易协会和社会福利团体的支出，并表示纽约市养老金基金支持该措施，因为摩根士丹利的披露 “落后于同行，且可以得到改善”。</p>
<h2>初步投票结果</h2>
<p>投票结束后，董事会助理秘书兼会议代理秘书 Jamie Greenberg 报告了初步结果，并表示最终投票结果将在四个工作日内通过 8-K 表格提交。</p>
<ul>
<li><strong>董事选举：</strong> 所有 13 名提名人均获得大多数股东的支持当选。</li>
<li><strong>薪酬表决：</strong> 获得约 <strong>70%</strong> 的亲自或委托出席股份的支持通过。</li>
<li><strong>审计师确认：</strong> 普华永道获得约 <strong>94%</strong> 的支持通过。</li>
<li><strong>特别会议门槛提案：</strong> 获得约 <strong>37%</strong> 的支持；未获批准。</li>
<li><strong>能源供应比例披露提案：</strong> 获得约 <strong>18%</strong> 的支持；未获批准。</li>
<li><strong>游说披露提案：</strong> 获得约 <strong>38%</strong> 的支持；未获批准。</li>
</ul>
<p>会议结束时，运营方感谢股东的出席，并表示公司重视与股东及其他利益相关者的互动，然后宣布会议结束。</p>
<h2>关于高盛集团 NYSE: GS</h2>
<p>高盛集团公司是一家总部位于纽约市的全球投资银行和金融服务公司。成立于 1869 年，最初是一家商业票据公司，现已发展成为一家多元化的金融机构，为企业、金融机构、政府和个人提供广泛的服务。公司由首席执行官大卫·所罗门领导，在全球主要金融中心运营。</p>
<p>高盛的核心业务包括投资银行、全球市场、资产和财富管理以及消费银行。</p>
<h2>精选文章</h2>
<ul>
<li>五只我们认为比高盛集团更值得投资的股票</li>
</ul>
<p><em>此即时新闻提醒由叙事科学技术和来自 MarketBeat 的金融数据生成，旨在为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资 $1,000 在高盛集团吗？</h2>
<p>在你考虑投资高盛集团之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师正在悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前... 而高盛集团并不在名单上。</p>
<p>虽然高盛集团目前在分析师中被评为持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

GS-C

GS-D

高盛

GS-A

<p>高盛在盐湖城的年度会议上报告了 2026 年第一季度创纪录的业绩，并在 2025 年实现了同比增长。该公司净收入增长 9%，达到 583 亿美元，每股收益增长 27%，达到 51.32 美元。会议上进行了董事会选举和股东提案的投票，所有提案均被否决。高盛还推出了 “One Goldman Sachs 3.0”，这是一个以人工智能驱动的运营模式，旨在提升效率和客户服务，以应对动态的市场环境</p>

<ul>
<li>The Most Important Part of These 3 Big Pharma Earnings Reports Wasn’t the Beat</li>
</ul>
<div class="lb-trans"><p>这三大制药公司财报中最重要的部分并不是超出预期的表现</p>
</div><p>The Goldman Sachs Group NYSE: GS highlighted year-over-year growth in 2025 and reported record-level results for the first quarter of 2026 as the firm convened its annual shareholder meeting in Salt Lake City, Utah. The meeting also featured votes on board elections, executive compensation, auditor ratification, and three shareholder proposals, all of which were rejected based on preliminary results.</p>
<div class="lb-trans"><p>摩根士丹利集团（Goldman Sachs Group NYSE: GS）强调了 2025 年的同比增长，并在犹他州盐湖城召开年度股东大会时报告了 2026 年第一季度的创纪录业绩。会议还对董事选举、执行薪酬、审计师确认和三项股东提案进行了投票，初步结果显示所有提案均被否决。</p>
</div><h2>2025 performance and first-quarter 2026 results</h2>
<div class="lb-trans"><h2>2025 年业绩和 2026 年第一季度结果</h2>
</div><p>In opening remarks, the meeting’s operator said Goldman Sachs delivered “strong performance” in 2025 across its “world-class interconnected franchises” while continuing to execute on its strategy. The operator reported that the firm increased net revenues by 9% year-over-year to <strong>$58.3 billion</strong>, grew earnings per share by 27% to <strong>$51.32</strong>, and improved return on equity by 230 basis points to <strong>15%</strong>.</p>
<div class="lb-trans"><p>在开场发言中，会议主持人表示，摩根士丹利在 2025 年在其 “世界级互联业务” 中实现了 “强劲表现”，同时继续执行其战略。主持人报告称，该公司净收入同比增长 9%，达到 <strong>583 亿美元</strong>，每股收益增长 27%，达到 <strong>51.32 美元</strong>，股本回报率提高 230 个基点，达到 <strong>15%</strong>。</p>
</div><ul>
<li>Big Bank Earnings Gave Financials a Lift, But Wall Street Is Still Cautious</li>
</ul>
<div class="lb-trans"><ul>
<li>大型银行财报提振金融股，但华尔街仍然谨慎</li>
</ul>
</div><p>The operator also said Goldman Sachs achieved the “second highest net revenues, net earnings, and earnings per share in the history of Goldman Sachs” in the first quarter of 2026, attributing the results to “sustained execution.”</p>
<div class="lb-trans"><p>主持人还表示，摩根士丹利在 2026 年第一季度实现了 “历史上第二高的净收入、净收益和每股收益”，将这一业绩归因于 “持续的执行力”。</p>
</div><p>Looking back to the firm’s January 2020 Investor Day strategy, the operator said that from 2019 through 2025 Goldman Sachs increased firmwide net revenues by roughly 60%, grew earnings per share by 144%, and improved returns by 500 basis points. The operator added that the firm delivered a total shareholder return of over 340% during that timeframe, which the operator described as the most among its peer group, while also materially improving the firm’s risk profile and the resilience of its earnings.</p>
<div class="lb-trans"><p>回顾该公司 2020 年 1 月的投资者日战略，主持人表示，从 2019 年到 2025 年，摩根士丹利的整体净收入增长了约 60%，每股收益增长了 144%，回报率提高了 500 个基点。主持人补充说，在此期间，该公司实现了超过 340% 的总股东回报，主持人称这是同行中最高的，同时还显著改善了公司的风险状况和收益的韧性。</p>
</div><h2>One Goldman Sachs 3.0 and operating environment</h2>
<div class="lb-trans"><h2>One Goldman Sachs 3.0 和运营环境</h2>
</div><ul>
<li>Goldman Sachs Shows Strength Despite Q1 Earnings Sell-Off</li>
</ul>
<div class="lb-trans"><ul>
<li>尽管第一季度财报遭遇抛售，摩根士丹利依然展现出强劲实力</li>
</ul>
</div><p>The operator said Goldman Sachs announced the launch of <strong>One Goldman Sachs 3.0</strong>, describing it as an operating model “propelled by AI.” The operator said the firm believes the model will, over time, drive stronger operating leverage, greater resilience, and improved efficiency and returns, while “continu[ing] to elevate services to our clients.”</p>
<div class="lb-trans"><p>主持人表示，摩根士丹利宣布推出 <strong>One Goldman Sachs 3.0</strong>，将其描述为一个 “由人工智能驱动的运营模式”。主持人表示，该公司相信这一模式将随着时间的推移，推动更强的运营杠杆、更大的韧性以及更高的效率和回报，同时 “继续提升我们对客户的服务”。</p>
</div><p>The operator also pointed to a “dynamic environment” shaped by accelerating technological change, uncertainty in parts of private credit, and heightened geopolitical tensions. Despite difficulty predicting market outcomes, the operator said the firm has “consistently shown that in times of uncertainty, clients turn to Goldman Sachs as a trusted advisor for strong execution and differentiated insight.”</p>
<div class="lb-trans"><p>主持人还指出，当前的 “动态环境” 受到加速的技术变革、部分私人信贷的不确定性以及加剧的地缘政治紧张局势的影响。尽管难以预测市场结果，主持人表示，该公司 “始终表明，在不确定时期，客户会将摩根士丹利视为值得信赖的顾问，以获得强有力的执行和独特的见解”。</p>
</div><h2>Board, quorum, and meeting proposals</h2>
<div class="lb-trans"><h2>董事会、法定人数和会议提案</h2>
</div><p>The operator introduced members of the board and management present, including Lead Director David Viniar and President and Chief Operating Officer John Waldron. The operator also recognized Lakshmi Mittal, who “retires today from our board,” thanking him for his service “over nearly 18 years.”</p>
<div class="lb-trans"><p>主持人介绍了出席的董事会和管理层成员，包括首席董事 David Viniar 和总裁兼首席运营官 John Waldron。主持人还感谢 Lakshmi Mittal，他 “今天从我们的董事会退休”，感谢他 “近 18 年的服务”。</p>
</div><p>The operator said holders of at least <strong>86%</strong> of outstanding shares were present in person or by proxy, establishing a quorum. Shareholders were asked to vote on:</p>
<div class="lb-trans"><p>主持人表示，至少 <strong>86%</strong> 的流通股东亲自或通过代理出席，形成法定人数。股东被要求投票：</p>
</div><ul>
<li>The election of directors</li>
<li>An advisory “say on pay” vote for executive compensation</li>
<li>Ratification of PricewaterhouseCoopers as independent auditor for 2026</li>
<li>A shareholder proposal to lower the threshold to call a special meeting</li>
<li>A shareholder proposal requesting disclosure of an energy supply ratio</li>
<li>A shareholder proposal requesting expanded lobbying disclosure</li>
</ul>
<div class="lb-trans"><ul>
<li>董事选举</li>
<li>对执行薪酬的咨询 “薪酬表决” 投票</li>
<li>确认普华永道为 2026 年的独立审计师</li>
<li>一项股东提案，要求降低召开特别会议的门槛</li>
<li>一项股东提案，要求披露能源供应比率</li>
<li>一项股东提案，要求扩大游说披露</li>
</ul>
</div><p>The operator noted that a proposal from the American Family Association regarding charitable giving reporting, which had been included in the proxy statement as a fifth voting matter, was withdrawn and that any votes previously cast on it were disregarded.</p>
<div class="lb-trans"><p>主持人指出，来自美国家庭协会的关于慈善捐赠报告的提案已被撤回，该提案在代理声明中作为第五项投票事项，之前对此的任何投票均被视为无效。</p>
</div><h2>Shareholder proposals: special meeting threshold, energy supply ratio, and lobbying disclosure</h2>
<div class="lb-trans"><h2>股东提案：特别会议门槛、能源供应比率和游说披露</h2>
</div><p>Drew Jorgensen, speaking as a shareholder representative and private investor, presented a proposal asking the board to amend governing documents to allow holders of a combined 10% of outstanding common stock to call a special shareholder meeting, instead of the company’s existing 25% requirement. Jorgensen argued the 25% level is “unattainable,” and urged shareholders to “vote yes for the attainable 10% figure.”</p>
<div class="lb-trans"><p>作为股东代表和私人投资者，Drew Jorgensen 提出了一项提案，要求董事会修改治理文件，允许持有合计 10% 流通普通股的股东召开特别股东会议，而不是公司现有的 25% 要求。Jorgensen 认为 25% 的门槛是 “无法达到的”，并敦促股东 “投票支持可实现的 10%”。</p>
</div><p>Yumi Narita, executive director of corporate governance in the Office of the New York City Comptroller, presented a proposal on behalf of Comptroller Mark Levine and the New York City Pension Funds requesting disclosure of an “energy supply ratio” (ESR). Narita described ESR as “a simple dollar-based metric” reflecting how financing is allocated between low-carbon and fossil fuel activities. She said investors lack specifics on annual energy supply financing, and argued ESR would complement financed emissions reporting by reflecting “actual financing flows.” Narita also said the proposal was “intentionally non-prescriptive” and leaves methodology “entirely at the company’s discretion.”</p>
<div class="lb-trans"><p>纽约市审计长办公室的企业治理执行董事 Yumi Narita 代表审计长 Mark Levine 和纽约市养老金基金提出了一项提案，要求披露 “能源供应比率”（ESR）。Narita 将 ESR 描述为 “一个简单的基于美元的指标”，反映融资在低碳和化石燃料活动之间的分配。她表示，投资者缺乏年度能源供应融资的具体信息，并认为 ESR 将通过反映 “实际融资流动” 来补充融资排放报告。Narita 还表示，该提案 “故意不具约束性”，方法论 “完全由公司自行决定”。</p>
</div><p>Narita also presented a lobbying disclosure proposal submitted by Mercy Rome, Fergus Foundation, and Eric and Emily Johnson, with Dominican Sisters of Springfield, Illinois, as co-filer. She said the proposal asks Goldman Sachs to publish an annual report disclosing direct and indirect lobbying expenditures, including those made through trade associations and social welfare groups, and said the New York City Pension Funds supported the measure because Goldman’s disclosures “lag peers and can be enhanced.”</p>
<div class="lb-trans"><p>Narita 还提出了一项由 Mercy Rome、Fergus Foundation 和 Eric 与 Emily Johnson 提交的游说披露提案，伊利诺伊州斯普林菲尔德的多米尼加姐妹作为共同提交者。她表示，该提案要求摩根士丹利发布年度报告，披露直接和间接的游说支出，包括通过贸易协会和社会福利团体的支出，并表示纽约市养老金基金支持该措施，因为摩根士丹利的披露 “落后于同行，且可以得到改善”。</p>
</div><h2>Preliminary vote results</h2>
<div class="lb-trans"><h2>初步投票结果</h2>
</div><p>After polls closed, Jamie Greenberg, assistant secretary to the board and acting secretary of the meeting, reported preliminary results and said final vote results would be provided in a Form 8-K filing within four business days.</p>
<div class="lb-trans"><p>投票结束后，董事会助理秘书兼会议代理秘书 Jamie Greenberg 报告了初步结果，并表示最终投票结果将在四个工作日内通过 8-K 表格提交。</p>
</div><ul>
<li><strong>Director elections:</strong> All 13 nominees elected with support of a majority of shareholders.</li>
<li><strong>Say on pay:</strong> Approved with support of approximately <strong>70%</strong> of shares present in person or by proxy.</li>
<li><strong>Auditor ratification:</strong> PricewaterhouseCoopers ratified with support of approximately <strong>94%</strong>.</li>
<li><strong>Special meeting threshold proposal:</strong> Supported by approximately <strong>37%</strong>; not approved.</li>
<li><strong>Energy supply ratio disclosure proposal:</strong> Supported by approximately <strong>18%</strong>; not approved.</li>
<li><strong>Lobbying disclosure proposal:</strong> Supported by approximately <strong>38%</strong>; not approved.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>董事选举：</strong> 所有 13 名提名人均获得大多数股东的支持当选。</li>
<li><strong>薪酬表决：</strong> 获得约 <strong>70%</strong> 的亲自或委托出席股份的支持通过。</li>
<li><strong>审计师确认：</strong> 普华永道获得约 <strong>94%</strong> 的支持通过。</li>
<li><strong>特别会议门槛提案：</strong> 获得约 <strong>37%</strong> 的支持；未获批准。</li>
<li><strong>能源供应比例披露提案：</strong> 获得约 <strong>18%</strong> 的支持；未获批准。</li>
<li><strong>游说披露提案：</strong> 获得约 <strong>38%</strong> 的支持；未获批准。</li>
</ul>
</div><p>The operator concluded the meeting by thanking shareholders for attending and said the firm values engagement with shareholders and other stakeholders before adjourning the session.</p>
<div class="lb-trans"><p>会议结束时，运营方感谢股东的出席，并表示公司重视与股东及其他利益相关者的互动，然后宣布会议结束。</p>
</div><h2>About The Goldman Sachs Group NYSE: GS</h2>
<div class="lb-trans"><h2>关于高盛集团 NYSE: GS</h2>
</div><p>The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.</p>
<div class="lb-trans"><p>高盛集团公司是一家总部位于纽约市的全球投资银行和金融服务公司。成立于 1869 年，最初是一家商业票据公司，现已发展成为一家多元化的金融机构，为企业、金融机构、政府和个人提供广泛的服务。公司由首席执行官大卫·所罗门领导，在全球主要金融中心运营。</p>
</div><p>Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.</p>
<div class="lb-trans"><p>高盛的核心业务包括投资银行、全球市场、资产和财富管理以及消费银行。</p>
</div><h2>Featured Articles</h2>
<div class="lb-trans"><h2>精选文章</h2>
</div><ul>
<li>Five stocks we like better than The Goldman Sachs Group</li>
</ul>
<div class="lb-trans"><ul>
<li>五只我们认为比高盛集团更值得投资的股票</li>
</ul>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和来自 MarketBeat 的金融数据生成，旨在为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in The Goldman Sachs Group Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 $1,000 在高盛集团吗？</h2>
</div><p>Before you consider The Goldman Sachs Group, you'll want to hear this.</p>
<div class="lb-trans"><p>在你考虑投资高盛集团之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Goldman Sachs Group wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师正在悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前... 而高盛集团并不在名单上。</p>
</div><p>While The Goldman Sachs Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然高盛集团目前在分析师中被评为持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

高盛在年度会议上宣布 2026 年第一季度创纪录，并推出 AI 驱动的 “高盛 3.0”