Goldman Sachs CEO David Solomon told Cisco CEO Chuck Robbins in an on-stage event on Wednesday that the multi-year IPO drought should be coming to an end. "It's going to pick up," Solomon said, noting that the IPO market has "been slow, it's been turned off.
Will McGough, Prime Capital Financial director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.
The Goldman Sachs Group, Inc. (NYSE:GS ) Q4 2024 Earnings Conference Call January 15, 2025 9:30 AM ET Company Participants David Solomon - Chairman & CEO Denis Coleman - CFO Conference Call Participants Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Devin Ryan - Citizens JMP Dan Fannon - Jefferies Gerard Cassidy - RBC Operator Good morning. My name is Katie, and I will be your conference facilitator today.
Goldman Sachs Group has created a Capital Solutions Group that will bring together its financing, origination, structuring and risk management solutions in its Global Banking & Markets business. The global financial institution will also expand the alternatives investment team in its Asset & Wealth Management business, according to a Monday (Jan. 13) press release.
Strong IB revenues, along with lower expenses, support GS' Q4 earnings. However, a rise in provisions remains a near-term concern.
"There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election," Goldman Sachs CEO David Solomon said, according to a transcript from FactSet. Donald Trump, who is set to return to the White House on Monday, is seen as broadly more business-friendly than outgoing President Joe Biden.
The first earnings season of 2025 is kicking off, and as always, the financial sector leads investors into the first round of action this week. While banking stocks aren't that exciting to most, the biggest investment banks usually give many clues as to where the economy currently is or might be headed.
The headline numbers for Goldman (GS) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Goldman Sachs (GS) came out with quarterly earnings of $11.95 per share, beating the Zacks Consensus Estimate of $8.07 per share. This compares to earnings of $5.48 per share a year ago.
Global financial services giant Goldman Sachs (GS 1.52%) reported strong fourth-quarter and full-year earnings on Wednesday, Jan. 15, topping analyst estimates for the quarter. The company's Q4 EPS climbed to $11.95, far surpassing the analyst estimate of $8.21.
Goldman Sachs saw fourth-quarter profits more than double to $4.1 billion as its equity traders delivered their best year on record. Sonali Basak reports on Bloomberg Television.
CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.