Goldman Sachs executives, led by CEO David Solomon, expressed optimism regarding the U.S. economy and a potential increase in mergers and acquisitions (M&A) and initial public offerings (IPOs) in 2025. Solomon noted a shift in confidence among CEOs following the presidential election, suggesting that the economic outlook is improving. In discussions with Cisco CEO Chuck Robbins, Solomon highlighted expectations for a reduction in regulatory burdens, which could further bolster business activities. He stated that the IPO market is anticipated to gain momentum alongside a resurgence in deal-making, indicating a positive trend for large-cap companies. This outlook is expected to influence return on equity (ROE) through 2030, particularly in light of potential changes to Basel III regulations and the impact of the Apple Card partnership.