Goldman SachsCNBC’s Jim Cramer heard CEO David Solomon tell CNBC that the shift towards the steadyer parts of the banking sector is paying off, even though it isn’t yet reflecting in bank stock prices.

I think that people worry about the future of capital markets in 2022 and 2023. Solomon spoke in an interview that was aired on the “” network. Solomon explained, “But… We are extremely confident we can deliver over three years mid-teens return for our shareholders,” Solomon added.Squawk on the Street.”

We are executing our strategy. He added that the strategy was working.

Goldman Sachs shares fell 10% this year to begin the new year. It is more than its rivals. Morgan StanleyAnd JPMorgan Chase. This stock trades at an earnings multiple that is lower than those of its peers.

Solomon explained that the main focus of Solomon’s company is on the sustainability of growth, consistency in returns, compounding growth and long-term stability for shareholders.

This year’s key theme is consistency in returns for investment banks. Strong equity returns and the SPAC Boom helped to drive strong performance last year for this part of the business.

Solomon said that equity activity has come down “meaningfully” but that mergers & acquisitions segment of the business is still strong. Solomon indicated that banking activity in 2019 is up, but it’s down from 2021.

Goldman also invested in wealth management and asset management companies, which could provide predictable revenues.

Solomon stated that “Capital market revenues can be hard to predict in any year and that the market clearly says that it would prefer a more diverse Goldman Sachs and that we are moving in that direction.”

Cramer and Solomon interview will continue on Wednesday’s episode of “Amazing Stories.”Mad Money“At 6 p.m. ET.