Goldman Sachs

Goldman Sachs Q1 2026 beats with 19% profit jump to .49 EPS. Investment banking fees surge 26% year-on-year as M&A advisory returns to markets. Advisory backlog entering Q2 appears robust. Equity underwriting grows as IPO appetite recovers.

Oil records steepest weekly drop since 2020 as crude falls below $100. Ceasefire and supply recovery pressures prices. Transportation and manufacturing margins recovering from peak energy costs.

US-Iran ceasefire brought oil prices down from $110 to $92 and S&P surged +2.85%. However, Strait of Hormuz remains 90-95% disrupted. Goldman Sachs warns Brent could stay above $100 through 2026.

SpaceX working with 21 banks on blockbuster IPO codenamed Project Apex; Morgan Stanley, Goldman Sachs, JPMorgan, BofA, Citigroup leading syndicate; targeting $50B+ raise at $2T+ valuation, potentially largest ever market debut; Elon Musk requiring banks to buy Grok AI subscriptions to participate.

SpaceX confirms confidential IPO filing on track for June at $1.75T valuation, largest IPO ever. Morgan Stanley, Goldman Sachs, JPMorgan leading 21-bank syndicate. Elon Musk would become first person to lead two trillion-dollar public companies.

SpaceX is lining up at least 21 banks for its blockbuster IPO, assembling one of the largest underwriting syndicates in recent years. Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners for the offering, code-named Project Apex internally.

Goldman Sachs economists warn the Iran war has elevated the risk of a U.S. recession within 12 months, as higher oil prices push inflation to 3.1% while growth slows simultaneously.