Goldman Sachs sees ‘upswing’ in investment banking to continue

Core Insights - Goldman Sachs Group Inc. anticipates a continued "upswing" in investment banking over the next 12 months, having advised on over $1 trillion in deals this year [1] - There has been a notable shift in decision-making among business leaders, with a focus returning to long-term strategies [2] - Mergers and acquisitions (M&A) and initial public offerings (IPOs) are experiencing a rebound, with M&A values projected to achieve their best performance since 2021 [2] - An improving regulatory environment has positioned Goldman Sachs to take a more aggressive stance in the market, with the quarter-end backlog of deals at its highest in three years [3]