From Dow Jones & Company: 2024-05-10 12:23:00

Shares of Goldman Sachs hit an all-time high, signaling investor optimism for big deals and public offerings. The bank’s stock is on an 8-day winning streak, up 7%, benefiting from strong advisory and underwriting work. Other financial stocks rose as well, with JPMorgan Chase trading close to a record high.

Goldman is nearing the end of a failed experiment in consumer-banking products, focusing on its core businesses: trading and advising on big transactions. CEO David Solomon sees the reopening of capital markets as an opportunity for growth, with a 32% increase in investment banking revenue in the first quarter. Analysts are optimistic about the bank’s solid performance potential.



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