Goldman Sachs Leads Rivals in Third-Quarter Share Sale Revenue

Goldman Sachs Group Inc. topped its four biggest US equity underwriting rivals in the third quarter, with equity capital markets revenue reaching $666 million, up 43% year-over-year. This growth was driven by stock sales from companies capitalizing on the artificial intelligence spending boom, including SK Hynix’s $26.5 billion US listing, Intel Corp.’s $23 billion stock sale, and large convertible bond deals for AI cloud firms Core Weave Inc. and Nebius Group NV. In contrast, Morgan Stanley’s equity underwriting fees fell 19% year-over-year, missing the SK Hynix deal and impacted by weaker IPO and block trade activity.

Citigroup showed the strongest improvement among rivals, with ECM revenue jumping 77% to $343 million, aided by its lead role in the SK Hynix offering. Despite some IPO delays due to interest rate pressures and AI stock volatility, overall ECM activity remained strong, with the five largest banks’ combined fees rising 13% to $2.5 billion — their second-best quarter since 2021. Goldman Sachs CEO David Solomon noted that ECM revenues are running meaningfully above five- and ten-year averages, calling AI infrastructure a “real good ballast” for future activity.

Morgan Stanley CEO Ted Pick acknowledged AI’s long-term potential, citing $1 trillion in annual infrastructure spending, while noting market timing challenges. Jane Fraser of Citigroup highlighted a solid pipeline and stable macro conditions as supportive of continued strength.

تصدرت شركة غولدمان ساكس غروب إنسي. منافسيها الأربعة الكبار في وول ستريت في الربع الثالث، حيث بلغت إيرادات إصدار الأسهم 666 مليون دولار، بزيادة 43% على أساس سنوي. جاء هذا النمو بفضل بيع الأسهم من قبل شركات تستفيد من boom إنفاق الذكاء الاصطناعي، بما في ذلك إدراج SK Hynix البالغ 26.5 مليار دولار في الولايات المتحدة، وبيع أسهم شركة إنتل بقيمة 23 مليار دولار، بالإضافة إلى صفقات السندات القابلة للتحويل الكبيرة لشركات السحابة الذكية Core Weave Inc. و Nebius Group NV. وعلى النقيض، انخفضت رسوم underwriting الأسهم لمورجان ستانلي بنسبة 19% على أساس سنوي، مُخلفة صفقة SK Hynix، ونزعت نشاط الإصدارات الأولية والمعاملات الكبرى. أظهرت شركة سيتي جروب أقوى تحسين بين المنافسين، حيث قفزت إيرادات ECM بنسبة 77% إلى 343 مليون دولار، مدعومة بدور قيادي في عرض SK Hynix. على الرغم من بعض تأجيلات الإصدارات الأولية بسبب ضغوط أسعار الفائدة وتقلب أسهم الذكاء الاصطناعي، إلا أن نشاط ECM العام ظل قوياً، حيث زادت رسوم الجمع للخمسة بنوك كبرى بنسبة 13% إلى 2.5 مليار دولار، وهو ثاني أفضل ربع منذ 2021. أشار ديفيد سولومون، الرئيس التنفيذي لغولدمان ساكس، إلى أن إيرادات ECM أعلى بكثير من المتوسطات لمدة خمس وعشر سنوات، مُصنفة إنفاق البنية التحتية للذكاء الاصطناعي "ركيزة حقيقية للنشاط المستقبلي". كما أشار الرئيس التنفيذي لمورجان ستانلي، Ted Pick، إلى الإمكانات طويلة الأمد للذكاء الاصطناعي، مُشيرًا إلى إنفاق سنوي قدره 1 تريليون دولار للبنية التحتية، مع الإشارة إلى تحديات توقيت السوق. وأبرزت جين弗雷زر من شركة سيتي جروب خط أنابيب قوي وظروف ماكرو اقتصادية مستقرة كمع عوامل داعمة لاستمرار القوة.

গোল্ডম্যান স্যাক্স গ্রুপ ইনসি। তার চারটি বড় ameryka equity underwriting প্রতिद্বন্দ্বীকে তৃতীয় ত্রৈমাসিকে পিছনে ছেড়ে দিয়েছে, ইকুইটি ক্যাপিটাল মার্কেটস আয় 666 মিলিয়ন ডলার পৌঁছে গেছে, বছর দর বছর 43% বৃদ্ধি পেয়েছে। এই বৃদ্ধি কৃত্রিম बुद्धিমত্তা খরচ বুমের ফ advantage নে এমন কোম্পানির শেয়ার বিক্রয়ের দ্বারা চালিত, যার মধ্যে SK Hynix-এর 26.5億 dollars ameryka上市, Intel Corp. এর 23억 ডলার শেয়ার বিক্রয়, এবং AI ক্লাউড ফার্ম Core Weave Inc. এবং Nebius Group NV-এর জন্য বড় কনভার্টIBLE bon deals অন্তর্ভুক্ত। বিপরীতভাবে, Morgan Stanley-এর equity underwriting শুল্ক বছর দর বছর 19% কমেছে, SK Hynix ডিলের চূড়ান্ত ছুটে এবং IPO এবং block trade গতività কমজোর হওয়ার因影响。 সিটিগ্রুপের प्रतিদ্বন্দ্বীদের মধ্যে সবচেয়ে বেশি উন্নয়ন দেখিয়েছে, ECM আয় বছর দর বছর 77% বাড়ি 343 মিলিয়ন ডলার পৌঁছে গেছে, SK Hynix অফারিং-তে নেতৃত্ব করার因影響。 কিছু IPO বয়সি বদল এবং AI স্টক অস্থিরতার因影響ে টালি হয়েছে, কিন্তু সমग्र ECM গতività মজবুত বাঁচে আছে, পাঁচটি বড় ব্যাংকের সংযুক্ত ফি বছর দর বছর 13% বাড়ি 2.5 billion ডলার পৌঁছে গেছে, যা 2021 এর jälkeen থেকে দ্বিতীয় সেরা ত্রৈমাসিক। Goldman Sachs CEO David Solomon নোট করেছেন যে ECM আয় পাঁচ এবং দশ বছরের গড় থেকে অনেক বেশি, AI infrastructure-কে "ভবিষ্যতের গতivitàের জন্য reales good ballast" বলেছেন। Morgan Stanley CEO Ted Pick AI-এর দীর্ঘমেয়াদী সম্ভাবনা স্বীকৃতি দিয়েছেন, 1 trillion dollar annually infrastructure খরচ का hint দিয়েছেন, বাজার timing চ্যালেঞ্জের因影響ে উল্লেখ করেছেন। Citigroup CEO Jane Fraser এক স olid pipeline এবং স্থির macro শর্তs উভয়েই জারি থাকা জরুরি strongly জরুরি strongly stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger stronger 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Goldman Sachs Group Inc. superó a sus cuatro principales rivales estadounidenses en underwriting de acciones en el tercer trimestre, con ingresos de capital de mercado de acciones que alcanzaron los 666 millones de dólares, un 43% más interanual. Este crecimiento se debió a ventas de acciones de empresas que aprovecharon el auge del gasto en inteligencia artificial, incluidas la oferta pública de SK Hynix de 26.500 millones de dólares en EE. UU., la venta de acciones de 23.000 millones de dólares de Intel Corp. y grandes emisiones de bonos convertibles para firmas de nube de IA Core Weave Inc. y Nebius Group NV.

En contraste, los ingresos por underwriting de acciones de Morgan Stanley cayeron un 19% interanual, perdiendo el trato de SK Hynix y viendo actividad más débil en ofertas públicas y bloques de negociación. Citigroup mostró la mejora más fuerte entre sus rivales, con ingresos de ECM aumentando un 77% a 343 millones de dólares, respaldado por su papel principal en la oferta de SK Hynix. A pesar de algunos retrasos en las ofertas públicas debido a presiones de tipos de interés y volatilidad de acciones de IA, la actividad general de ECM se mantuvo fuerte, con las tarifas combinadas de los cinco principales bancos aumentando un 13% a 2.500 millones de dólares, su segundo mejor trimestre desde 2021.

El CEO de Goldman Sachs, David Solomon, señaló que los ingresos de ECM están significativamente por encima de los promedios de cinco y diez años, calificando la infraestructura de IA de "un verdadero balasto" para la actividad futura. El CEO de Morgan Stanley, Ted Pick, reconoció el potencial a largo plazo de la IA, citando un gasto anual de infraestructura de 1 billón de dólares, mientras señalaba desafíos de timing del mercado. Jane Fraser de Citigroup destacó una cartera sólida y condiciones macroeconómicas estables como factores de apoyo para el continuo fortalecimiento.

Goldman Sachs Group Inc. a devancé ses quatre plus grands rivaux américains de souscription d'actions au troisième trimestre, avec des revenus de capital-risque en actions atteignant 666 millions de dollars, soit une hausse de 43 % sur un an. Cette croissance a été tirée par des ventes d'actions d'entreprises profitant du boom des dépenses en intelligence artificielle, notamment l'introduction en bourse de SK Hynix pour 26,5 milliards de dollars, la vente d'actions de 23 milliards de dollars d'Intel Corp., ainsi que de grandes émissions d'obligations convertibles pour les sociétés de cloud IA Core Weave Inc. et Nebius Group NV. En revanche, les frais de souscription en actions de Morgan Stanley ont reculé de 19 % sur un an, manquant l'affaire SK Hynix et étant touchés par une activité d'IPO et de bloc trade plus faible.

Citigroup a montré la meilleure amélioration parmi ses rivaux, avec des revenus ECM en hausse de 77 % à 343 millions de dollars, grâce à son rôle de lead dans l'offre SK Hynix. Malgré quelques retards d'IPO dus à la pression des taux d'intérêt et à la volatilité des actions IA, l'activité ECM globale est restée forte, avec les frais combinés des cinq plus grandes banques en hausse de 13 % à 2,5 milliards de dollars, soit le deuxième meilleur trimestre depuis 2021. Le PDG de Goldman Sachs, David Solomon, a noté que les revenus ECM sont nettement supérieurs aux moyennes sur cinq et dix ans, qualifiant l'infrastructure IA d'« vrai ballast » pour l'activité future.

Le PDG de Morgan Stanley, Ted Pick, a reconnu le potentiel à long terme de l'IA, citant des dépenses annuelles d'infrastructure de 1 trillion de dollars, tout en soulignant des défis de timing du marché. Jane Fraser de Citigroup a mis en avant un solide pipeline et des conditions macroéconomiques stables comme facteurs soutenant la force continue.

गोल्डमैन Sachs Group Inc. ने अपने चार बड़े अमेरिकी इक्विटी अंडरराइटिंग प्रतिद्वंद्वियों को तीसरी तिमाही में पीछे छोड़ दिया, इक्विटी कैपिटल मार्केट्स राजस्व 666 मिलियन डॉलर तक पहुँच गया, जो साल दर साल 43% की वृद्धि है। यह वृद्धि कृत्रिम बुद्धिमत्ता खर्च बूम का फायदा उठाते हुए कंपनियों द्वारा किए गए शेयर बिक्री से हुई, जिसमें SK Hynix का 26.5 अरब डॉलर का अमेरिकी सूचीबद्ध होना, Intel Corp. का 23 अरब डॉलर का शेयर बिक्री, और AI क्लाउड फर्म Core Weave Inc. और Nebius Group NV के लिए बड़ी कन्वर्टिबल बॉन्ड डील शामिल हैं। इसके विपरीत, Morgan Stanley के इक्विटी अंडरराइटिंग शुल्क साल दर साल 19% गिर गए, SK Hynix के सौदे से चूक गए और IPO और ब्लॉक ट्रेड गतिविधि कमजोर होने से प्रभावित हुए। Citigroup ने प्रतिद्वंद्वियों के बीच सबसे मजबूत सुधार दिखाया, ECM राजस्व साल दर साल 77% बढ़कर 343 मिलियन डॉलर हो गया, SK Hynix की पेशकश में नेतृत्व करने के कारण। कुछ IPO में ब्याज दर के दबाव और AI स्टॉक अस्थिरता के कारण विलंब हुआ, लेकिन समग्र ECM गतिविधि मजबूत बनी रही, पांच largest बैंकों की संयुक्त फीस साल दर साल 13% बढ़कर 2.5 अरब डॉलर हो गई, जो 2021 के बाद से दूसरी सबसे अच्छी तिमाही रही। Goldman Sachs के CEO David Solomon ने नोट किया कि ECM राजस्व पांच और दस साल के औसत से काफी ऊपर है, AI बुनियादी ढांचे को "भविष्य की गतिविधि के लिए असली अच्छा बैलस्ट" कहा। Morgan Stanley के CEO Ted Pick ने AI की दीर्घकालिक संभावना को स्वीकार किया, वार्षिक 1 ट्रिलियन डॉलर के बुनियादी ढांचे के खर्च का हवाला देते हुए, जबकि बाजार timing चुनौतियों का उल्लेख किया। Citigroup के CEO Jane Fraser ने एक ठोस पाइपलाइन और स्थिर मैक्रो स्थितियों को जारी ताकत का समर्थन करने के रूप में उजागर किया।

高盛集团公司在第三季度超越其四大美国股权承销竞争对手，股权资本市场收入达到 6.66 亿美元，同比增长 43%。这一增长得益于公司利用人工智能支出热潮进行的股票发行，包括 SK Hynix 的 265 亿美元美国上市、英特尔公司的 230 亿美元股票发行以及 AI 云公司 Core Weave Inc. 和 Nebius Group NV 的大型可转债交易。相比之下，摩根士丹利的股权承销费用同比下降 19%，因未参与 SK Hynix 交易，且受 IPO 和大宗交易活动疲软影响。花旗集团在竞争对手中改善最明显，股权资本市场收入同比飙升 77% 至 3.43 亿美元，主要得益于其在 SK Hynix 发行中的牵头作用。尽管因利率压力和 AI 股票波动导致部分 IPO 延期，但整体 ECM 活动依然强劲，五大银行的综合费用同比增长 13% 至 250 亿美元，为 2021 年以来第二好季度。高盛首席执行官大卫·所罗门表示，ECM 收入显著高于五年和十年平均水平，将 AI 基础设施称为“未来活动的真正支撑”。摩根士丹利首席执行官蒂德·皮克承认 AI 的长期潜力，引用每年 1 万亿美元的基础设施支出，但指出市场时机存在挑战。花旗集团首席执行官简弗雷泽强调有扎实的业务管线和稳定的宏观环境，有利于持续增长。