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Goldman Sachs

With a soft landing for the economy in sight, big banks are doing well

by Sabri Ben-Achour
Jul 15, 2024
A strong stock market and a vibrant economy that never fell into recession have boosted earnings at financial institutions.
Once investors accepted that a recession isn't on the horizon, big banks have thrived.
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Corporate dealmaking has picked up. That's good news for bankers — and the economy.

by Justin Ho
Apr 15, 2024
After a couple of years of uncertainty, there's pent-up demand for mergers, stock and bond sales and other complex transactions.
Goldman Sachs reported that investment-banking revenue increased 32% last quarter from the same time in 2023.
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Apple's savings account upends traditional banking — or does it?

by Mitchell Hartman
May 4, 2023
The accounts certainly look traditional, except they also come from a non-banking global brand.
An Apple logo is displayed at store in Shanghai on May 10, 2019.
Hector Retamal/AFP via Getty Images
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Courts decide California can't mandate corporate board diversity

by Meghan McCarty Carino
May 18, 2022
But institutional investors, consumers and other stakeholders could continue to hold companies accountable.
Despite California courts striking down laws requiring diversity in corporate board rooms, many companies continue to make progress.
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Some big Wall Street banks reverse their back-to-office plans — again

by Meghan McCarty Carino
Jan 3, 2022
They've been among the most aggressive employers when it comes to bringing workers back into face-to-face contact.
Despite investment banking companies' preference for in-person work, omicron has complicated the return-to-office plans of JPMorgan, Citigroup and Goldman Sachs.
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Race and Economy

Goldman Sachs to invest billions in Black women

by Erika Beras
Mar 12, 2021
The firm says it wants to change the lives of "One Million Black Women," but that'll take more than a monetary investment.
Black women have disproportionately suffered during the pandemic, one reason Goldman Sachs decided to provide support.
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Business leaders, groups denounce Trump after Capitol insurrection

by David Brancaccio and Nancy Marshall-Genzer
Jan 7, 2021
The National Association of Manufacturers is among them, going so far as to call for President Trump's early removal from office.
Some of them were among Trump’s biggest supporters, and one influential business group is calling for Trump's early removal.
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COVID-19

More optimistic about the recovery, big banks trim the reserves they set aside to cover bad loans

by Justin Ho
Oct 14, 2020
But if we're in for a double-dip recession, they'll need to set aside billions more than they currently have on hand.
Big banks, like JPMorgan Chase, are feeling more confident about the economic recovery after solid third quarter earnings.
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Elections 2020

Banks weigh in on what the 2020 presidential election might do to the stock market

by Kristin Schwab
Sep 25, 2020
Economists often look to previous elections to model upcoming ones, but 2020 continues to break the mold.
Goldman Sachs economists said in a note Thursday that worries are overblown — that there will be a victor on election night and in turn the markets will stay steady.
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Race and Economy

Goldman Sachs starts diverse board member policy for handling IPOs

by Kimberly Adams
Jul 1, 2020
The investment bank wants boards to include more people from chronically underrepresented groups.
Even with progress toward making boardrooms more diverse, women hold less than 18% of corporate board seats in the United States, according to Deloitte.
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