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Goldman Sachs Is Regaining Its Mojo

Goldman Sachs Is Regaining Its Mojo

Goldman Sachs reported surprisingly good financial results, reflecting stronger capital markets and early signs that the bank’s performance is stabilizing as it disentangles itself from a series of bad consumer-banking bets. The firm’s results overall “show the material gearing to capital markets upside the bank offers and with less ‘noise’ from one-off items than in 2023,” J.P. Morgan analysts led by Kian Abouhossein wrote on Monday. “It’s clear that we’re in the early stages of a reopening of the capital markets, with the first few months of 2024 seeing a reinvigoration in new issue market access,” Chief Executive David Solomon said on a call to discuss the results.