Goldman Sachs CEO expects M&A growth despite war

CEO David Solomon said AI investment and a balanced regulatory environment will drive dealmaking. He also called for a long-term reset in U.S.-China relations.

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The Goldman Sachs Group, Inc. expects a significant resurgence in global merger and acquisition activity throughout the coming year, despite the geopolitical volatility stemming from recent military conflicts. In his annual letter to shareholders, Chief Executive Officer David Solomon expressed optimism regarding the dealmaking environment, even as the United States and Israel engage in military actions against Iran.

Goldman Sachs Chairman and CEO David Solomon addresses the Australian Financial Review Business Summit in Sydney, March 2026. REUTERS/Jeremy Piper
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