Perhaps no institution has benefited more from Donald Trump’s election than the investment bank he flayed during the campaign as the very symbol of economic globalism. Goldman Sachs shares have soared since Trump’s win on hopes of more stimulus spending, coupled with looser banking regulations. The 45th president has also tapped several Goldman alums to run key posts, including the Treasury Department, reviving talk of “Government Sachs.” But global growth concerns and legal hurdles haven’t gone away, raising the question: Can the investment bank deliver again in 2017? Note: Price/earnings ratios are based on projected profits.
Comment on Goldman Sachs Stock Is Soaring. Is Now the Time to Buy?
Taylor Tepper, Time: Politics
Wed, 02/22/2017 - 4:00am
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