David Solomon News

06.03 / 15:35
markets Provident CEO economy Solomonic reports Recession looming? Goldman Sachs CEO David Solomon’s two-word response brings big relief; here's what he said
US economy and rumors of a possible recession, Goldman Sachs CEO David Solomon provided some reassurance with a straightforward yet effective answer, as per a report.
05.03 / 00:33
markets CEO economy wellness Trade President performer ET Exclusive: ‘Global CEOs seek more clarity to invest in India', says Goldman Sachs CEO David Solomon
India marking the 20th anniversary of the Bengaluru office for the Wall Street bellweather, Goldman Sachs CEO David Solomon spoke with ET’s Arijit Barman, emphasizing that the global economy will remain deeply interconnected despite the rising intensity of trade tariff rhetoric. During his brief one-day visit to India where the firm has invested over $8.5 billion, Solomon will stop at the firm’s Bengaluru campus where Goldman Sachs’ technology engineers and quants are driving innovation—developing systems that span from trade execution and risk management to advancing the immersion of AI with their global colleagues throughout the firm.
01.02 / 04:57
UPS CEO President Diversity show audience reports DEI tussle: Goldman Sachs’ tryst with diversity shows that talk is cheap
Subscribe to enjoy similar stories. On Goldman Sachs Group chief executive officer (CEO) David Solomon’s second day on the job in 2018, I listened to him address a conference audience made up of some of the most powerful women in the world. It was clear he was trying to send a strong message by spending one of his crucial early days as chief executive in this way.
29.01 / 22:15
Citi FIVE CEO JPMorgan Solomonic Trade information Morning Coffee: Goldman Sachs bonus complaints & BNP Paribas' bonus warning. Life of a Citadel PM
If you thought soaring profitability and revenues were a shoo-in for soaring bonuses, sorry. As we noted a few weeks ago, this has not been the case for 2024. At Goldman Sachs, for example, profitability and revenues rose by 68% and 16% respectively in 2024, but spending on pay rose by 8%. 
12.12 / 15:55
markets UPS CEO Solomonic Bill performer country Trump says he’s not going to make any stock market predictions in case there’s a ‘dip’
After ringing the opening bell at the New York Stock Exchange on Thursday, President-elect Donald Trump stopped short of telling investors to buy more stock as he gets set to take office.
12.12 / 03:15
markets UPS Digital Extreme Strategy Trade Bitcoin US bankers cautious on crypto despite expected regulatory easing
Trump courted crypto campaign dollars with promises to be a «crypto president» and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said.
06.11 / 15:03
UPS CEO Solomonic Trade exclusive 2020 Sporting Morning Coffee: Why Goldman Sachs needs more new partners with $950k salaries. The “loud” new CEO who declined a driver
This week, some of Wall Street’s most senior bankers will be waiting nervously on the results of an election.  No, not that one – a very small vote, held by the Goldman Sachs management committee, to approve this year’s list of partner promotions.  This is the top rank at GS, with exceptional pay and perks – a base salary of $950k, plus special investment opportunities and a cut of the firm’s profits.  And it’s a famously competitive and rigorous process just to get through to the final vote. 
15.10 / 18:43
Booking Apple Solomonic Trade show track Goldman traders help fuel firm's 45% profit jump
Goldman Sachs Group Inc. profit soared 45 per cent in the third quarter on a surprise increase in equity-trading revenue and a resurgent investment-banking business.
15.07 / 16:11
JPMorgan BlackRock Solomonic President shooting Videos Dimon and other Wall Street CEOs react to Trump assassination attempt: 'Deeply saddened' by violence
The leaders of Wall Street's most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend.
15.07 / 12:18
markets UPS CEO JPMorgan Trade performer reports Goldman Sachs posts strong Q2 profits on debt underwriting and fixed-income trading surge
debt underwriting and a strong performance in its fixed-income trading business. Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.
23.05 / 02:15
markets COST CEO Solomonic trends Gold retreats from near record-high levels as rate-cut bets ease
Gold prices were listless on Thursday after a recent rally lost steam to dip more than 1% in the previous session, as traders started pulling back their expectations of rate cuts by the U.S. Federal Reserve this year. FUNDAMENTALS
16.04 / 23:49
UPS Art JPMorgan Solomonic Research cover Morning Coffee: David Solomon's new reason Goldman Sachs bankers will be busy for the next decade. Data specialists vs liberal arts graduates
Goldman Sachs CEODavid Solomon has always been optimistic that investment banking revenues would come back again. Solomon's past optimism was, however, based upon the premise that the energy transition and pent-up dealmaking and capital raising would lead the revival. Speaking yesterday, he added a new factor to the mix.
15.03 / 15:23
markets Progressive Fox CEO economy Solomonic exclusive Goldman Sachs CEO warns inflation may prove 'stickier' than expected
Treasury Secretary Janet Yellen discusses inflation risks, taxes and credit card debt in an exclusive interview with FOX Business.
11.03 / 15:47
UPS CEO JPMorgan Fallout PwC Election reports Morning Coffee: What if Goldman Sachs, JPMorgan & Morgan Stanley chose CEOs like this? Private equity's pain
When chief executives are selected in investment banks, it tends to be a closed door affair. The outgoing leader chooses the next, and there is often some fallout. David Solomon's ascension at Goldman Sachs resulted in his unsuccessful opponent, Harvey Schwartz,joining Carlyle Group. Jamie Dimon's succession machinations at JPMorgan seem to have been partly responsible for Vis Raghavan's exit to Citigroup. Only Ted Pick at Morgan Stanley was chosen by James Gorman in a peculiarly bloodless baton-handing, although it remains to be seen whetherAndy Saperstein and Dan Simkowitz will stay long as number twos. 
17.02 / 12:19
markets CEO Strategy Solomonic performer gatherings International Goldman CEO David Solomon's pay soars 24% to $31 million despite 24% profit slump; Is this justified?
Goldman Sachs Group Inc. has increased David Solomon’s compensation by 24% to $31 million, despite a year of diminished earnings for the Wall Street giant. The decision to boost the chief executive officer’s pay came amidst a challenging year, during which the firm witnessed a 24% decline in profit and focused on resolving internal conflicts while promoting a streamlined strategy.
16.02 / 19:03
markets UPS CEO Strategy gatherings International Goldman CEO Solomon’s pay surges 24 percent to $31M
Goldman Sachs Group Inc. boosted David Solomon’s compensation 24 percent to $31 million for a year in which earnings slumped at the Wall Street giant.

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