Goldman Sachs Q2 2024 Earnings: Top-Tier Results, Concerns On Forward Outlook

Pgiam/iStock via Getty Images Banks are recession favorites for a number of good reasons: when rates stay high, lending activities generate greater revenue. When crunch times hit businesses, advisory services regarding restructuring, debt underwriting, et al. generate greater revenue. Banks tend to be "value" investments; there's often very little by way of costly technology accruing obsolescence or over-planned facilities (beyond a handful of very nice HQs). The head honchos' cleaver tends to run swift and ...