Goldman Sachs Group IncInvestment banking activity exploding with bond/stock issuance, IPOs, and M&A, directly boosting Goldman Sachs' profits.
Jim Cramer highlighted Goldman Sachs on Mad Money, noting that investment banking activity is exploding. He said bond and stock issuance is stupendous, with NVIDIA recently raising $25 billion in the debt market despite having one of the best balance sheets. Cramer added that banks profit immensely from bond issues with almost no risk, and IPOs and takeovers are fantastic sources of profit, with $1.2 trillion in public and private mergers in the first five months of the year. He stated that Goldman Sachs and Morgan Stanley are crushing it in these categories, and big hyperscalers may have to keep raising money, creating a fountain of profits for investment banks.
Goldman Sachs Group IncInvestment banking activity exploding with bond/stock issuance, IPOs, and M&A, directly boosting Goldman Sachs' profits.
Morgan StanleyMorgan Stanley is also crushing it in investment banking, benefiting from the same surge in issuance and M&A.
NVIDIA CorporationNVIDIA raised $25 billion in debt market, mentioned as example of bond issuance activity, not a direct impact on NVIDIA.