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Advisory and Underwriting to Aid GS’s Investment Banking Growth

Andrew Brunton
Advisory and Underwriting to Aid GS’s Investment Banking Growth

The Investment Banking segment is likely to continue driving Goldman Sachs’s (GS) overall third-quarter revenue growth. The segment consists of the financial advisory business, which includes mergers and acquisitions, fundraising, corporate defense, and underwriting. Goldman Sachs has witnessed remarkable growth in its Investment Banking segment’s revenues in the last few quarters mainly driven by increased M&A (mergers and acquisitions) activities, the underwriting of public offerings, and placements.