Goldman Sachs Group is heading towards its largest annual increase in 15 years. The company's CEO David Solomon stated that good days may just be beginning.
Solomon said on Tuesday at a Reuters event, "The incoming Trump administration seems likely to adopt growth-promoting strategies, which will benefit Goldman. I am very optimistic that this government will implement a very, very pro-economic growth agenda."
David Solomon
Solomon pointed out that the outlook for the new business environment may lower regulatory expectations, drive up asset prices, and encourage trading activity, which are key factors driving Goldman Sachs' business growth.
The new policy may pave the way for a regulatory environment favorable to banks. Trump appointed Cantor Fitzgerald CEO Howard Lutnick to manage the Department of Commerce, and hedge fund manager Scott Bessent as Secretary of the Treasury.
Solomon said, "I know Scott and understand he has deep insights into the market and capital flows, and we are very, very excited to work with the new economic team."
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