Goldman Head Projects 2025 Dealmaking Will Exceed 10-Year-Average | PYMNTS.com
Dec 11, 2024 - pymnts.com
Goldman Sachs CEO David Solomon predicts a strong year for dealmaking in 2025, potentially surpassing 10-year averages in equities, mergers, and acquisitions. Speaking at the Reuters NEXT conference, Solomon expressed optimism about the business climate following Donald Trump's election, citing a potentially more favorable regulatory environment. The appointment of David Sacks as AI and cryptocurrency czar and Paul Atkins to lead the SEC has fueled optimism in the business world, with Bitcoin surpassing $100,000. Solomon anticipates a pro-growth agenda from the new administration, with key policies in trade, immigration, energy, and taxes shaping the economic landscape.
Goldman Sachs has seen an increase in investment banking activities, notably advising on Mars' $36 billion acquisition of Kellanova. When asked about cryptocurrencies, Solomon noted that Goldman Sachs, as a regulated banking institution, is currently restricted from trading cryptocurrencies like Bitcoin. However, the firm continues to provide clients with advice on these technologies, despite regulatory limitations.
Key takeaways:
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Goldman Sachs CEO David Solomon predicts a strong year for dealmaking in 2025, potentially surpassing 10-year averages.
There is increased optimism in the business world following Donald Trump's election, with expectations of a more favorable regulatory environment.
David Sacks, appointed as AI and cryptocurrency czar, is expected to drive innovation and protect emerging technologies from regulation.
Goldman Sachs is currently limited in trading cryptocurrencies due to regulatory constraints, despite advising clients on these technologies.
