It’s the second deal Goldman has struck in a week focused on pushing the boundaries of its gargantuan asset-management unit.
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Asset managers are becoming increasingly determined to bring options-based strategies to the masses.
Strong market conditions and the need for sophisticated advice were major boons for wealth units in Q2.
Trading desks benefited from heightened stock trading around Iran War-related volatility, while mega deals fuled investment banking units.
The Dallas City Council approved an economic incentive package that would grant the bank up to $18.5 million in economic development grants.
Bloomberg News reported that Goldman’s equities trading desk at is on pace to generate over $5 billion in revenue in the second quarter.
Broadcom expects AI-related chip revenue to climb 200% to $16 billion in the current quarter, short of Wall Street’s most bullish forecasts.
In March, The Information reported that bankers involved in taking the company public expect it to raise a monstrous $60 billion in its IPO.
Instead of replacing core equity exposure, buffer funds may work better as substitutes for part of a portfolio’s fixed-income allocation.
There are a whopping 23 banks named on the cover of the SpaceX prospectus, with Goldman Sachs holding the lead-left spot.
The technology is rapidly evolving beyond back-office support.
The combined net worth of the US CEOs who joined President Donald Trump for a two-day summit in China is nearly $1 trillion.
The makers of Claude and ChatGPT announced deals with Goldman Sachs, Brookfield Asset Management and others this week.
OpenAI’s joint venture with private equity giants will turn some 2,000 portfolio companies into potential AI adopters.
CEO Jane Fraser, who took over in 2021, has won plaudits for executing a multi-year reordering of the bank’s sprawling global structure.
The fixed-income, currencies and commodities business generated revenue of just $4 billion in Q1, a 10% decrease from a year ago.