Source: International Business Times
Goldman Sachs CEO David Solomon, shown here at a June White House event, expects an uptick in mergers and acquisitions AFP Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking. "Anecdotally, the level of dialogue is significantly increased," Solomon told analysts on a conference call after the investment bank's earnings surpassed analyst estimates. There is a greater "confidence level on the part of CEOs, that significant scaled industry consolidation is possible," said Solomon, who attributed the shift to the Trump administration's more favorable posture towards mergers compared with regulators in the Biden administration.
