Goldman Sachs (GS) CEO says investment banking backlog is at the highest in years - conference call

• Is optimistic about the outlook for equity and debt underwriting, especially given the resurgence of the IPO market
• Says bar for transformative M&A is very high, will continue to look for ways to accelerate growth in wealth management

Goldman Sachs' CEO highlighting the highest investment banking backlog in years suggests strong demand momentum, particularly in equity and debt underwriting as the IPO market revives. This optimism, combined with a cautious approach toward M&A, indicates a strategic focus on wealth management that could imply longer-term revenue growth, positively echoing with market sentiment toward the financial sector.