What happened and why Goldman Sachs CEO, David Solomon, aka DJ D-sol, knows how to raise people’s BPM, making the company’s latest numbers feel like music to our ears. Goldman Sachs (-0.15%) beat all (analysts’) odds in their Q4 2020 release earlier this week. The investment banking company reported earnings of $12.08 per share, versus the $7.47 share price anticipated... And the numbers are worth a closer look: $9.42bn: A record revenue for 2020 - more than doubling last year’s $4.5bn.+43%: Goldman Sachs’ trading division has been a cut above the rest, reaching a decade high. Hot competition… Solomon was under a lot of pressure after rivals JPMorgan Chase’s latest Q4 release recorded monster advisory and trading numbers. But Goldman Sachs managed to pull through, surprising even the most in-the-know investors. Leading the IPO advice to tech giants like Airbnb and Doordash, two of the most talked about trading stories of 2020 has its benefits. Add some new bulky loans (that shouldn't turn sour), more debt writing and some major mergers & acquisitions and you get Goldman Sachs right now. The Takeaway A short-lived happiness… Despite the company’s successful Q4 results, it’s not all rainbows and butterflies. The share price has already shrunk and recent news from the White House about Biden’s choice for SEC leader, Gary Gensler - known for being a hardcore trading regulator - could mean there is squeeze to come.
