Posted 4/15/2024, 1:34:42 PM
Goldman Sachs Q1 Profit Jumps 28% to $4.1B on Investment Banking Strength; Leadership Questions Loom
- Profits at Goldman Sachs rose 28% in Q1 2024 to $4.1B, beating expectations
- Investment banking revenues surged 32%, driving the profit increase
- CEO David Solomon said the results show "early stages of a reopening of capital markets"
- Two proxy firms advise limiting Solomon's power ahead of April shareholder vote
- Executive departures raise questions about future leadership succession