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Goldman Sachs Dividend Jump Driven by M&A Surge | Business and Finance News
Description
Goldman Sachs just boosted its quarterly dividend by 11%, hitting $5 per share — a move fueled by stellar stress test results and a roaring M&A market. This marks their 15th straight year increasing payouts, thanks to strong capital ratios and a 14% revenue jump in Q1, driven by a 48% surge in investment banking fees. With major IPOs like SpaceX, OpenAI, and Anthropic on the horizon, the bank is primed for record-breaking earnings and continues its legacy of rewarding shareholders.
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