On Wednesday, Goldman Sachs reported a blockbuster round of earnings for the final quarter of 2024, while CEO David Solomon told analysts he’s optimistic about business under the incoming administration. Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading, and many investors are bullish about a second Trump term unleashing an M&A boom fueled by sweeping deregulation.
Solomon's optimism is grounded in part by Goldman's share performance. The day after the election, the investment bank's shares spiked 13% and, after a surge of 6% on Wednesday, the stock is up nearly 60% in the past 12 months.
