Was Q2 ‘As Bad As It Gets’ For Goldman?

"Corporate activity and capital formation are core to our financial system," David Solomon said Wednesday, on Goldman's analyst call. His remarks in that regard echoed those from Morgan Stanley's James Gorman and the general theme from Wall Street's Q2 earnings, which suggested that ECM is already seeing green shoots, and M&A could be next. Solomon talked up "a number of structural catalysts that should lead to increased levels of activity." Goldman is seeing a "pick up in a few spots alre