Goldman Sachs’s stock gains
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Sharon Bell, senior strategist at Goldman Sachs, discusses the investment case for small-cap stocks listed in Europe.
Solomon pointed to Asset & Wealth Management momentum, mentioning, "Wealth management client assets rose to a record $1.7 trillion," and "our assets under supervision rose to a new record of $3.3 trillion, representing our 30th consecutive quarter of long-term fee-based net inflows."
Trina Chen, co-head of China Equity Research at Goldman Sachs, talks about China's efforts to manage overcapacity in key sectors like solar, steel, and lithium. She says demand has been decent, and addressing the supply problem is the best way to address the problem – and adds that electric vehicles could be well-poised to benefit from some consolidation.
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Trading desks across Wall Street have benefited as President Donald Trump’s tariff policies have roiled markets for bonds, currencies, commodities and stocks.
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Goldman Sachs’s second-quarter profit climbed 22% from a year ago to $3.72 billion, the investment bank said Wednesday. Earnings per share were $10.91, topping Wall Street’s estimates for $9.69, according to analysts’ estimates compiled by FactSet.
Goldman's basket of stocks with high international sales is outperforming its group with high domestic sales 11% to 4%.
Goldman Sachs named its senior banker Aasem Khalil as global head of its business focused on client coverage in middle-market banking, a memo seen by Reuters on Thursday showed.