Goldman Sachs Shares Rise to Notch First Record High Since 2021
- Strong quarterly earnings, deals optimism behind rally
- HSBC analyst sees potential for ‘strong improvement’ ahead
Goldman Sachs’ headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. shares rose to a record on Tuesday, eclipsing their previous closing high set more than two years ago.
The investment banking giant reported first-quarter earnings last week that included a massive profit beat, which one analyst heralded as a “near-perfect print.” Optimism for a dealmaking revival has helped bolster the stock this year as it rallied past its prior high-water mark set in November 2021, when Goldman produced a record year of profit.