Goldman Sachs CEO Notes Shift in Business Confidence Since Trump’s Election

New York City: So, David Solomon, the CEO of Goldman Sachs, recently shared some interesting thoughts at a conference. He mentioned that since Trump got elected, there’s been a noticeable boost in how confident CEOs feel about the economy and their businesses.

He pointed out that even before Trump officially takes office, many business leaders are feeling more optimistic. Solomon said there’s been a “meaningful shift” in CEO confidence, which is pretty significant.

He also talked about how there’s a growing interest in making deals, thanks to a better regulatory environment. This aligns with some surveys showing that business leaders are feeling more positive about the next year.

However, it’s worth noting that while optimism is up, it hasn’t yet translated into more loans, according to some executives from JPMorgan Chase.

After Trump’s election, stocks jumped as investors were excited about potential tax cuts and fewer regulations. But some of those gains have faded, especially with rising interest rates.

As Trump prepares to return to the White House, he’s seen as more business-friendly compared to Biden. He’s talked about lowering taxes and easing regulations, but his proposed tariffs have raised some eyebrows among investors.

Solomon shared these insights during a call about Goldman’s strong fourth-quarter results, where the bank’s profits nearly doubled compared to last year.