Goldman Sachs Anticipates Market Recovery Following IPO Downturn

Goldman Sachs anticipates market recovery following IPO downturn. The bank's CEO, David Solomon, expressed optimism during an earnings call. Goldman Sachs' stock price fell by 28% due to market conditions. However, the firm experienced a 26% increase in equity underwriting fees in Q3 of this year. Goldman Sachs' market capitalization stands at 113.68 billion USD, with a P/E ratio of 15.75. The company has actively bought back shares and maintained a strong dividend track record.