Finally yr’s assembly, 86% of shareholders had voted in favour of Goldman’s government pay based mostly on the ultimate depend, although that proposal didn’t embody any retention bonuses.
CEO succession is in focus throughout Wall Avenue. Jamie Dimon has run JPMorgan Chase since 2006, whereas Brian Moynihan has led Financial institution of America since 2010.
When awarding the payouts, Goldman’s board mentioned the inventory awards for Solomon and Waldron have been aligned with their efficiency in creating worth for shareholders.
The financial institution’s earnings per share rose to $40.54 in 2024, up 77% from a yr earlier, pushed by a rebound in deal making. The Wall Avenue agency beat first-quarter revenue estimates as Goldman’s merchants capitalised on unstable markets to herald file equities income. Solomon mentioned on the assembly the financial outlook is unsure with adjustments in commerce coverage prime of thoughts for buyers.
“We’re hopeful that suggestions from firms, massive and small, institutional buyers and finally, customers, will help an strategy that may result in larger financial certainty and long-term progress,” he mentioned.
