Goldman Sachs CEO Says Investment Banking Backlog Up Significantly; Well Positioned For Continued Resurgence In Activity; Expecting To Exceed $50B In Alternative Fundraising This Year; Notes Inflation Has Remained Sticky
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO announced a significant increase in the investment banking backlog and expects to exceed $50 billion in alternative fundraising this year. The company is well-positioned for continued resurgence in activity, although inflation remains a concern.
July 15, 2024 | 1:36 pm
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Goldman Sachs CEO announced a significant increase in the investment banking backlog and expects to exceed $50 billion in alternative fundraising this year. The company is well-positioned for continued resurgence in activity, although inflation remains a concern.
The significant increase in the investment banking backlog and the expectation to exceed $50 billion in alternative fundraising are positive indicators for Goldman Sachs' future revenue and earnings. The firm's strong positioning for continued activity resurgence further supports a positive short-term outlook. However, the mention of sticky inflation introduces a minor concern.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100