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The company beat analysts’ expectations for revenues by 16.6% and their EPS estimates by 47%, backed by strong performance in mergers and acquisitions (M&A), as well as a hot market for initial public offering (IPOs).
However, management cited a few key factors that could affect the firm’s revenue growth in the coming months, including the increased likelihood of monetary policy tightening in the near term owing to inflationary pressures. This would tend to dissuade corporations from engaging in M&A activities. Also, GS’ shares have declined 4.1% in price over the past month due to the broader market sell-off prompted by mounting concerns about the COVID-19 omicron variant.
