The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
David Solomon, Goldman Sachs
It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.
Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.
Goldman Sachs (GS) is locking in CEO David Solomon for at least another five years with a sweet stock deal — along with a big, annual pay increase.
The Goldman Sachs Group, Inc.'s solid revenue growth, low expenses, and high profit margins make it a top choice for value stock investment. Click for my GS update.
Goldman's president and chief operating officer was also awarded a retention bonus of $80 million in restricted stock, the bank said on Friday.
Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.
Goldman Sachs Group Inc. otorgó a sus dos principales ejecutivos bonos de retención valorados en US$80 millones cada uno y lanzó un programa para dar a sus directivos una parte de los intereses devengados de los fondos de capital riesgo,
The stock market was rallying broadly on Wednesday, but Goldman Sachs was giving the Dow a big boost. With the Dow up 657 points, or 1.6%, Goldman Sachs’s 5% gain added more than 175 points to the Dow on its own.
Goldman Sachs said its profit more than doubled in the fourth quarter, boosted by companies’ growing appetite for dealmaking. Profit jumped 105% to $4.11 billion. That amounted to $11.95 per share, which was far better than the $8.
Exceeding their Q4 top and bottom-line expectations on Wednesday, let's see if it's time to buy stock in these renowned investment firms.