Goldman Sachs CEO David Solomon Says Sees Significant Pent Up Demand From Our Clients; Says Deal Backlog Rose; Expects Alternatives Fundraising To Exceed $60B In 2024; We Continue To Have Concerns About The Regulatory Process; We Continue To Have Concerns About The Regulatory Process
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs CEO David Solomon highlighted significant pent-up demand from clients and an increase in deal backlog. The firm expects alternatives fundraising to exceed $60 billion in 2024. However, there are ongoing concerns about the regulatory process.
October 15, 2024 | 1:36 pm
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POSITIVE IMPACT
Goldman Sachs anticipates strong client demand and a growing deal backlog, with alternatives fundraising projected to surpass $60 billion in 2024. However, regulatory concerns remain a challenge.
The news indicates positive growth prospects for Goldman Sachs with increased client demand and a significant deal backlog, which is likely to boost revenues. The expectation of over $60 billion in alternatives fundraising in 2024 is a strong positive indicator. However, the mention of regulatory concerns could pose potential risks, but the overall impact is likely positive in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100