1. Stock traders received the highest income in history, thanks to market fluctuations caused by the emerging global trade war. 2. Due to heightened uncertainty, CEO Solomon told analysts that the trade war posed a “major risk”. He always advised customers to “slow down” and “put aside issues such as tariffs for the time being.” 3. Solomon said that it is “very likely” for regulators to lower capital requirements, and told analysts that Goldman Sachs appreciates that the Trump administration “attaches great importance to appropriate adjustments to financial services regulation” and that provisions for lawsuits and regulatory procedures are negative. 4. Although the transaction volume is still very small, the company said that its investment bank backlog has increased. 5. Goldman Sachs holds a large amount of excess capital — banks will “continue to return”, debt underwriting “is a huge business for us”, and institutions and individuals seem to be turning to private assets to cash out the backlog of alternatives. 6. The scale of repurchases in the first quarter “reached a record high”, and it is expected that fixed income, commodities and equity financing will face “huge demand”.

1. Stock traders received the highest income in history, thanks to market fluctuations caused by the emerging global trade war. 2. Due to heightened uncertainty, CEO Solomon told analysts that the trade war posed a “major risk”. He always advised customers to “slow down” and “put aside issues such as tariffs for the time being.” 3. Solomon said that it is “very likely” for regulators to lower capital requirements, and told analysts that Goldman Sachs appreciates that the Trump administration “attaches great importance to appropriate adjustments to financial services regulation” and that provisions for lawsuits and regulatory procedures are negative. 4. Although the transaction volume is still very small, the company said that its investment bank backlog has increased. 5. Goldman Sachs holds a large amount of excess capital — banks will “continue to return”, debt underwriting “is a huge business for us”, and institutions and individuals seem to be turning to private assets to cash out the backlog of alternatives. 6. The scale of repurchases in the first quarter “reached a record high”, and it is expected that fixed income, commodities and equity financing will face “huge demand”.