Goldman sees M&A accelerating, as companies believe the ‘art of the deal’ is now possible
MarketWatch • • business
Key Points:
- Goldman Sachs shares surged to record highs following a strong earnings beat driven by robust investment banking performance.
- Investors were encouraged by positive remarks on corporate buyout activity amid a favorable regulatory climate.
- Despite the initial premarket dip of up to 2.4% due to a year-over-year revenue decline and ending a 10-quarter streak of exceeding expectations, overall market reaction turned positive.
- The earnings report marked the conclusion of the Apple Card saga, reflecting a shift in the bank’s recent performance dynamics.
