Why Shares of Goldman Sachs Fell 22.4% in the First Half of This Year
Shares of the investment bank Goldman Sachs (NYSE: GS) fell 22.4% in the first six months of 2022, according to data from S&P Global Market Intelligence. Investment bankers were flying high last year as demand for mergers and acquisitions and initial public offerings (IPOs) skyrocketed. Last year, Goldman Sachs raked in profits, putting up record revenue of $59 billion.