Wall Street banks JP Morgan, Goldman Sachs post fat profits amid dealmaking surge, Trump ‘bump'
1. Goldman Sachs reported a profit increase to $14 billion in 2024. 2. Investment banking fees surged 24% for Goldman Sachs year-over-year. 3. Optimism from the Trump administration is boosting stock market confidence. 4. Interest rate cuts led to increased corporate borrowing and M&A activity. 5. Wall Street is experiencing a resurgence in deal-making activity.