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.
The Wall Street CEO discussed growing confidence among business leaders after his bank's strong fourth-quarter report.
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.
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.
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.
Donald Trump's return to the White House as the 47th President of the United States on January 20 Monday has reignited discussions
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.
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.
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 »
LONDON, Jan 16 (Reuters) - 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 ...
After posting earnings growth in the fourth quarter, Goldman Sachs is optimistic about 2025 — especially as Donald Trump returns to the White House. Goldman CEO David Solomon and CFO Denis ...
Indeed Trump has already claimed an investment win, announcing earlier this month that UAE property firm Damac is to invest billions of dollars into developing data centers in the US. Damac says it intends to construct 2GW of data center capacity over the next four years.