Investors have been hoping Donald Trump's return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the biggest expected company buybacks in at least five years.
Goldman attributed the quarter's growth to higher net revenues from all its businesses, but particularly from its Global Banking and Markets unit. In the fourth quarter, that department generated $8.48 billion in net revenues, a 33% rise from the same quarter in 2023.
The Wall Street CEO discussed growing confidence among business leaders after his bank's strong fourth-quarter report.
Goldman Sach’s second largest business, Asset and Wealth Management, made $4.72 billion in revenue in the fourth quarter, up 8% from Q4 2023 and 24% from the previous quarter. The gains were spurred by higher management fees due to rising asset levels.
Big banks including JPMorgan Chase and Goldman Sachs start reporting their fourth-quarter earnings today. Here are three things to eye in the results: 1\. Revenues from investment banking and trading Donald Trump’s prospective return to the White House sparked hopes of a boom on Wall Street.
In comments today, bank execs were broadly bullish about the U.S. economy, touting a rosy outlook for M&A volume growth and the expectation of lighter-touch regulations under the next administration.
Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.
JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday, while Bank of America (BAC) and Morgan Stanley (MS) release results on Thursday. RBC Capital markets analyst Gerard Cassidy joins Seana Smith and Brad Smith to discuss what investors can expect from Big Bank earnings.
The bank handed David Solomon a bumper pay rise amid tough competition for 'the best talent' including from asset managers and private equity firms.
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.
As the inauguration of Donald Trump looms, Goldman Sachs trader Lindsay Matcham asks (and answers) some key macro questions: What Are We Expecting With Regards...Læs mere »
The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.