Here's how Goldman Sachs got its swagger back
Business Insider • • general
Key Points:
- Goldman Sachs is experiencing a major resurgence, with booming equity trading, a strong IPO pipeline, and record-high assets under supervision, signaling a return to Wall Street dominance under CEO David Solomon.
- The bank's earlier consumer banking venture, Marcus, faced setbacks and was scaled back, but its core asset and wealth management businesses have thrived, contributing significantly to Goldman’s growth.
- Internal challenges, including management tensions and diversity concerns, marked a turbulent period from 2022 to 2024, but leadership has since stabilized the firm and maintained strong hiring demand.
- Goldman is investing heavily in technology and artificial intelligence, launching the One Goldman Sachs 3.0 initiative to unify operations, enhance efficiency, and drive future growth, while focusing
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