GS · News · 20260914N

Capital Markets Demand Trends

GOLDMAN SACHS GROUP INC · 2026-09-14 · Importance 30 · Surprise 40

Bank of America indicated that third-quarter investment-banking fees may decline 10–20% year over year, signaling weaker near-term dealmaking demand across major Wall Street firms. Goldman Sachs and Morgan Stanley shares also fell as investors reacted to the weaker fee outlook. Citigroup provided a more optimistic view of market and investment-banking revenue, highlighting divergent demand expectations among large financial institutions.

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