Goldman Refocuses on Investment Banking: Will It Pivot to Profit?

Key Takeaways GS retains the top spot in announced and completed M&A deals in 1Q25 despite sector headwinds. Goldman has exited consumer finance to refocus on high-margin IB and trading businesses. GS's IB revenues fell 8% y/y, but a strong advisory backlog signals potential recovery ahead.The Goldman Sachs Group (GS) reaffirmed its dominance by maintaining its long-standing top position in announced and completed mergers and acquisitions (M&A) in the first quarter of 2025. This underscores the firm’s end ...