Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.

Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.

Goldman estimates that companies could spend some $1.07 trillion on buying back their own stock this year. On the other side of the equation, global investors have poured about $143 billion into money market funds in the week ending Jan 10, the largest since March 25, 2020, Goldman said.

The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

NEW YORK (Reuters) - Goldman Sachs raised CEO David Solomon's compensation 26% to $39 million for last year, according to a filing, and its board lined up an $80 million stock retention bonus that signals he will stay at the helm for another 5 years.

Expectations for a pro-business climate under the incoming Trump administration has lifted the spirits of major bank executives.

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.

The Wall Street veteran will also earn an $80 million retention bonus if he remains with the bank for another five years.

Goldman Sachs unveiled a “Winning Strategies to Drive Economic Growth" playbook outlining the best ways that the upcoming Trump administration can drive small business growth.

Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.