What does Goldman Sachs do?

Goldman Sachs is a global investment banking, securities and investment management firm that provides a wide range of financial services to corporations, financial institutions, governments and high-net-worth individuals. The firm offers investment banking services such as underwriting and advisory services for mergers and acquisitions, as well as debt and equity offerings. Goldman Sachs also engages in trading and market-making activities in a variety of financial instruments, including equities, fixed income securities, currencies, commodities and derivatives. In addition, the firm provides wealth management services to high-net-worth individuals and families, offering investment advisory, financial planning and other wealth management services. Goldman Sachs also operates a global asset management business, managing investment portfolios for institutional and individual clients across a range of asset classes. Furthermore, Goldman Sachs is involved in private equity and real estate investment activities, investing in and managing private equity and real estate funds. The firm also operates a range of proprietary trading and investment strategies through its principal investing activities. Overall, Goldman Sachs is a major player in the global financial markets, providing a wide range of financial services and products to its clients and investors, and playing a significant role in shaping the global economy and financial landscape.

What is underwriting profit? What is underwriting profit?

Underwriting profit in finance refers to the profit that an insurance company makes from the difference between the premiums it collects from policyholders