Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

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

by January 15, 2025
January 15, 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
Israel-Hamas cease-fire, hostage release deal reached: ‘Americans will be part of that’
next post
New polls show Biden leaving office with approval ratings still buried deep in negative territory

You may also like

Investors pitch new international basketball league that would...

January 17, 2025

Fed Chair Powell says ‘time has come’ for...

August 24, 2024

Last-minute summer travelers are finding the best deals...

August 12, 2024

How a $5 million fix turned Paramount Pictures’...

March 4, 2025

Paramount ends DEI policies, cites Trump executive order

February 28, 2025

Amazon gets FAA approval for new delivery drone...

November 6, 2024

LVMH and Formula One announce 10-year partnership

October 3, 2024

Darden Restaurants sales disappoint as Olive Garden, LongHorn...

March 20, 2025

All Quiksilver, Billabong and Volcom stores to close...

February 7, 2025

Orange juice importer says Brazil tariffs will squeeze...

July 22, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • Massie fires back after Johnson calls his Epstein records push ‘meaningless’

      September 2, 2025
    • Trump responds to bizarre weekend rumors of his death: ‘I was very active’

      September 2, 2025
    • Trump admin scores legal win in $16B climate fight as federal appeals court lifts block on grant terminations

      September 2, 2025
    • Government shutdown, Epstein files, DC crime: Congress returns to mountain of drama

      September 2, 2025
    • Top Senate Republican ready to go nuclear, ‘roll over’ Democrats with rule change to confirm Trump nominees

      September 2, 2025
    • Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

      September 2, 2025

    Categories

    • Business (787)
    • Investing (661)
    • Politics (5,423)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2025 WhaleLargeCapital.com | All Rights Reserved