1121 ET - Uncertainty in the market is the resounding theme Goldman Sachs Group CEO David Solomon is hearing and seeing. The bank's leader says ongoing policy uncertainty and market volatility drove many of its clients to reposition their portfolios. "Our clients, including corporate CEOs and institutional investors, are concerned by the significant near-term and longer term uncertainty that has constrained their ability to make important decisions," Solomon says on an earnings call. He adds that this uncertainty and a brewing trade war have created material risks to the U.S. and global economy, all while the prospect of a recession in the U.S. has increased. Shares rise 2.2% to $505.09. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 14, 2025 11:21 ET (15:21 GMT)
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