Goldman Sachs is tapping a slew of executives to lead its most important Wall Street businesses, it said on Tuesday. The move marks an attempt to enhance the bank's leadership, and comes days after it reported its biggest quarterly profit in more than three years.

Goldman Sachs (GS) announced a crop of promotions on Tuesday, naming three co-heads each to its investment banking; fixed income, currency and commodities; and equities units, highlighting its next generation of senior leaders.

Goldman Sachs Group Inc. is promoting a slate of star executives to run its biggest Wall Street business lines, spotlighting the firm’s next generation of leadership.

Goldman expanded its management committee ranks and installed a number of senior leaders in top positions throughout its investment bank.

Wall Street’s main indexes rose on Tuesday, with the blue-chip Dow at a more than one-month high, as investors assessed President Donald Trump’s executive orders after taking office and awaited his first move on trade policy. In morning trading, the Dow Jones Industrial Average rose 423 points, or 1%, to 43,911.

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

Goldman Sachs Group (GS – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Ebrahim

Retention bonus, and big pay raise, quell any more questions about the CEO’s ability to stay in place

One of the best known investment banks on Wall Street is making it clear with actions and words that private markets stand to play a critical role in its future growth — and even how top executives are compensated.

Investors have been hoping Donald Trump's return to the White House next week will boost the U.S. stock market, while Goldman Sachs sees stocks benefiting from the biggest expected company buybacks in at least five years.

Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.