The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

by admin January 16, 2025
January 16, 2025
There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon

The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in the business world, according to Goldman Sachs CEO David Solomon.

The bank executive said on a conference call Wednesday that other CEOs are feeling better about the direction of the economy and their businesses since the presidential election, even though Trump has yet to take office.

“There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election,” Solomon said, according to a transcript from FactSet.

“Additionally, there is a significant backlog from sponsors and an overall increased appetite for dealmaking supported by an improving regulatory backdrop,” he continued.

The comments line up with some survey data that suggests renewed confidence among business leaders. The latest Chicago Fed Survey of Economic Conditions showed an improved outlook for the next 12 months. The NFIB Small Business Optimism Index rose to its highest level since October 2018 in December.

To be sure, executives on JPMorgan Chase’s earnings call said that the optimism among business leaders has not yet resulted in loan growth, according to a FactSet transcript.

Stocks rose sharply in the immediate aftermath of Trump’s win, as investors cheered the prospect of lower taxes and fewer regulations. However, many of those gains have since disappeared, in part due to a recent rise in interest rates.

Trump, who is set to return to the White House on Monday, is seen as broadly more business-friendly than outgoing President Joe Biden. During his campaign, Trump floated lowering taxes and reducing regulation, including around energy. However, his proposed tariffs have made some investors and business leaders nervous about the potential for higher prices and a disruptive trade war.

Solomon’s comments came on a conference call discussing Goldman’s fourth-quarter results. The bank beat estimates on the top and bottom lines for the period, with its profit roughly doubling year over year.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Pope Francis tells in memoir how documents on abuse and corruption cases were handed to him
next post
Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

Related Posts

Chipotle to launch Adobo Ranch dip after sluggish...

June 11, 2025

The Mirage casino, which ushered in an era...

May 19, 2024

Tesla, Bitcoin and Truth Social boom in election...

November 8, 2024

Chuck E. Cheese makes a comeback, with trampolines...

January 13, 2025

Budget airline Spirit is trying to go upmarket...

July 31, 2024

Why Chappell Roan and other artists find themselves...

February 9, 2025

McDonald’s preparing a 2025 ‘McValue’ offering

November 22, 2024

Digital health companies pummeled by Wall Street in...

December 27, 2024

NBC ripped up its Olympics playbook for 2024...

September 4, 2024

Stock splits are back in fashion. Here’s why,...

June 17, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,536)
    • Investing (4,001)
    • Politics (5,318)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved