Goldman Sachs is in talks to acquire Palmer Square Capital Management, according to a Bloomberg report cited by Yahoo Finance, in a move that would expand its roughly $4-trillion Asset & Wealth Management franchise. The potential deal comes as global merger and acquisition activity reached a record $2.8 trillion in the first half of 2026, though preliminary data indicate some moderation in overall deal activity during the third quarter. Goldman's investment banking fees rose 52% year over year to $6.2 billion in the first half of 2026, and its investment banking backlog reached its highest level in five years, including a record advisory backlog. Under CEO David Solomon, Goldman expects its revenue base to reach $70 billion this year, up from the mid-$30 billion range when its strategic plan began in 2018-19. Evercore, whose Investment Banking & Equities business accounted for 97.6% of total revenues as of June 30, 2026, had 230 Senior Managing Directors, including 188 within Investment Banking, up from 197 and 159 a year earlier.
Goldman Sachs Group IncGoldman is in talks to acquire Palmer Square, expanding its $4-trillion Asset & Wealth Management franchise.
Evercore Partners Inc