Financial Giant Goldman Sachs reported an upbeat result for the first quarter of 2024, beating estimates. But the most important note in the results was the firm’s commitment to excel on the AI front. The outlook comes at a time when tech firms, banks, and every sector alike are trying to advance on the AI front.
Goldman Sachs Reports Positive Q1
Investing notes, while citing Reuters that Goldman Sachs reported impressive first-quarter 2024 results, with net revenues of $14.2 billion and $4.1 billion in net earnings. With $9.7 billion in sales, the company’s Global Banking & Markets business made a substantial contribution. This was made possible by their outstanding work in debt underwriting, equity underwriting, and consultancy.
The assets under the supervision of Goldman Sachs’ Asset & Wealth Management division reached a record high of $2.8 trillion. The company noted the possible risks posed by inflation and geopolitical concerns on its future growth, despite the enc
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