NEW YORK, Feb 11 (Reuters) -

Goldman Sachs ( GS ) would consider acquisitions in asset

and wealth management, but the bar for doing a deal is very

high, CEO David Solomon said on Tuesday.

"If we could find things that could accelerate our asset

and wealth management journey, we would consider them," he told

the UBS financial services conference in Miami. "But the bar to

do significant things is very, very high."

Goldman Sachs ( GS ) has sold assets as Solomon pulled back

from a consumer business that lost billions of dollars.

The Wall Street powerhouse has since shifted its focus back

to traditional mainstays of investment banking and trading,

while pushing growth in asset and wealth management.

The Wall Street bank beat estimates in the fourth

quarter, earning its

biggest profit

in more than three years as investment bankers brought in

more deal fees and traders benefited from active markets. Net

income climbed to $4.11 billion in the fourth quarter.

Solomon was awarded an $80 million stock bonus to stay at

the helm for another five years, a stark turnaround for a leader

whose survival was questioned after the ill-fated foray into

retail banking.