Goldman Sachs’ $4.6 billion profit shows you can navigate tough times, as long as you have the brightest minds in finance at your disposal.
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The good times, they don’t last. But on Wednesday, we at least found out just how good the good times were.
Analysts said they now expect US investment banking revenue to be flat this year, instead of jumping 32% as predicted previously.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”
Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.
In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.
The asset manager’s rival Vanguard has captured investors’ recent interest in embracing cheap broad-market index funds.
As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.
Barclays is considering a Marie Kondo approach to its investment banking business, potentially dropping thousands of clients.
Increasingly, Wall Street thinks we see rate cuts soon, according to a Wall Street Journal analysis published Monday.
It’s not every day that you wake up to headlines about one of the nation’s most staid-and-storied institutions – really, the cornerstone upon…
After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.
John Paulson, of “The Greatest Trade Ever” fame, is suing a former business partner tasked with running an investment empire for Paulson valued at…
The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014.
Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.