"The Wall Street giant is coming off one of its best years on record, its share price is through the roof, and its executives are downright giddy over its swelling deal pipeline. Equity trading is booming, and dealmaking is thriving ahead of what could be one of the biggest years for IPOs of all time, big boons for Goldman's bottom line."
"If the bank had lost its luster, CEO David Solomon seems to have gotten it back. Goldman is once again Wall Street's top dog. It's a swift comeback for a firm that some declared dead as recently as 2023. The scars of an internal PR crisis and concerns over Solomon's DJ side hustle are long in the past. Goldman is on the attack again as it readies for a monster year."
Goldman Sachs recently delivered one of its best years, with soaring share price, booming equity trading, and a swelling deal pipeline. Dealmaking is thriving ahead of a potentially massive IPO year, boosting revenue prospects. CEO David Solomon appears to have regained momentum and confidence after prior internal PR issues and scrutiny over his DJ side projects. Competition among banks for major deals has intensified to levels not seen since before the global financial crisis. Solomon forecasted that 2021 levels for M&A and capital markets activity could be exceeded in 2026. A 2020 investor day emphasized digitization as part of Goldman’s long-term strategy.
Read at Business Insider
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