Goldman Sachs’ consumer division generated just 3 per cent of the group’s pre-tax earnings in the first nine months of 2019, disclosures reveal, highlighting the group’s continuing heavy reliance on its traditional businesses.

The 151-year-old Wall Street company, which will hold a landmark investor day on January 29, revealed divisional earnings as part of a transparency drive under David Solomon, chief executive, and Stephen Scherr, finance boss, who have vowed to bring Goldman’s disclosures closer to those of their rivals.

The filings show that Goldman’s consumer and wealth management unit, which includes its online bank Marcus, its Apple credit card and its newly acquired investment adviser United Capital, generated $256m of its $8.3bn pre-tax earnings in the three quarters to the end of September.