Goldman Sachs Íø±×¡Ê¤ò¤¢¤²¤ë¡Ës jump to ¡ò3.3bn thanks to Åê»ñ banking Éü³è

Beating expectations: Goldman Sachs profits rose 28% compared to the same period last year

¡Ê·Ù´±¤Î¡Ë½ä²ó¶è°è¡¤¼õ»ý¤Á¶è°èing ´üÂÔs: Goldman Sachs Íø±×¡Ê¤ò¤¢¤²¤ë¡Ës rose 28% compared to the same period last year

Íø±×¡Ê¤ò¤¢¤²¤ë¡Ës at Goldman Sachs »¦Åþ¤¹¤ëd to a better than ¿äÄꤹ¤ë¡¿Í½ÁÛ¤¹¤ëd ¡ò3.3billion in the first £´È¾´ü/4ʬ¤Î1 of the year ? thanks to a Éü³è of its Åê»ñ banking arm.

The 28 per cent rise compared to the same period last year was helped by a Éü³è in ¼è°ú¡¤¶¨Äê- making ÎÁ¶âs ƱÍÍ¤Ë as a strong period for ¼ÒºÄ Ëǰסʤ¹¤ë¡Ëing.

Åê»ñ banking has been Goldman¡Çs ¼çÍפʻ٤¨ but sagged over the past couple of years.

And Ĺ¡¤»ØƳ¼Ô (n)Ìò°÷¡¿(a)¼¹¹ÔÎϤΤ¢¤ë David Solomon has ¶ì¤·¤àd ·ã¤·¤¤ Èãɾ over an ill-±¿Ì¿¡¿½ÉÌ¿d foray into ¾ÃÈñ¼Ô banking that cost it billions.

Yesterday, Solomon said that the bank was ¡Æ¾ÇÅÀ¡Ê¤ò¹ç¤ï¤»¤ë¡Ëing on our ³Ë¿´ strengths to serve our ¡ÊÊÛ¸î»Î¤Î¡Ë°ÍÍê¿Ís¡Ç.?

Chris Kotowski, ʬÀÏ²È at ÃçÇã¿Í Oppenheimer, said the results were a ¡Æ¶á¤Å¤¯-perfect print¡Ç with most Íø±×¡Ê¤ò¤¢¤²¤ë¡Ë metrics performin g better than ¿äÄꤹ¤ë¡¿Í½ÁÛ¤¹¤ëd.

ʽ¤Ç°Ï¤à Street ¶¥ÁèÁê¼ês JP Morgan and Citigroup also pointed to ²þÁ±¤¹¤ëing ¾ò·ïs for dealmaking when they also ÃÏ°Ì¡¤Ç¤Ì¿¤¹¤ëd better than ¿äÄꤹ¤ë¡¿Í½ÁÛ¤¹¤ëd results last Friday.

Solomon said: ¡ÆWe¡Çre in the Áá´ü¤Ë ¹Ô¤¦¡¿³«ºÅ¤¹¤ë¡¿Ãʳ¬s of a ºÆ³«¤¹¤ëing of »ñËÜ¡¿¼óÅÔ markets.¡Ç

He pointed to growing Åê»ñ²È appetite for ³ô¼°»Ô¾ì floats ƱÍÍ¤Ë as solid activity in Ʊ°Õ¤·¤Æ½ð̾¤¹¤ëing ÉéºÄ for ¼è°ú¡¤¶¨Äês.

A ¼çÍ×¤Ê ½õ¸À¼Ô for ¹çÊ»s and ¼èÆÀ¡¿Çã¼ýs, Goldman °·¤¦d some of the biggest ¼è°ú¡¤¶¨Äês of 2023, ´Þ¤àing oil µðÂç¡Ê¤Ê¡Ë Exxon Mobil¡Çs ¡ ò48billion ¹ØÆþ¡Ê¤¹¤ë¡Ë of ³«Â󤹤ë Natural »ñ¸»s.

And Solomon ͽÊ󤹤ëd more could follow as »äŪ¤Ê ¸øÀµ¡¤ÉáÄ̳ô¼ç¸¢ ²ñ¼Ò¡¿·ø¤¤s look to pile in.

¡ÆI do think the pace is going to Áª¤Ö up,¡Ç he said.

Solomon also sounded an ³Ú´ÑŪ¤Ê ¸ø¼°Ê¸½ñ¡¤Ç§¤á¤ë about wider growth, Àâ: ¡ÆWe continue to be ·úÀßŪ¤Ê on the health of the US economy.¡Ç

It comes as the US Ĺ¡¤Î¨¤¤¤ës for a ¤¤¤ï¤æ¤ë ¡Æsoft ¾åΦ¡Ç after the country¡Çs central bank, the Ϣˮ¤Î Reserve, raised Íø±×¡¿¶½Ì£ Ψs to ÎäÀŤʡ¿ÀµÌ£¤Î ¥¤¥ó¥Õ¥ì¡¼¥·¥ç¥ó without ¸¶°ø¡Ê¤È¤Ê¤ë¡Ëing a growth ¸º»º¡¿ÄÀÂÚ.