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Kate Rooney

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  1. Goldman Sachs16 min

    Chairman and CEO David Solomon Joins CNBC from Our Builders and Innovators Summit

    David Solomon, Kate Rooney

    Goldman Sachs reported record-high quarterly revenues and a strategic pivot toward 45% recurring income while CEO David Solomon projects robust M&A activity and views current interest rates as manageable. Solomon addressed AI governance by advocating for auditable processes rather than restrictive regulation, noting that capital abundance and the primary barrier to IPOs remain valuation alignment. Additionally, he dismissed succession speculation as the firm prioritizes shareholder returns and client service over leadership transitions in the current strategic cycle.