Next year could set an M&A record. One Wall Street bank may benefit most

Surging merger and acquisition activity will provide a significant tailwind behind Goldman Sachs ' revenue growth, according to Bank of America. In a Monday note, analyst Ebrahim Poonawala reiterated his buy rating on the Wall Street investment bank and hiked his 12-month price objective to $900 from $850. Shares of Goldman Sachs have surged 51% this year, touching a new all-time high of $870.56 on Monday. Poonawala's revised price forecast implies 5% upside for bank from current levels. GS YTD mountain GS YTD chart Poonawala wrote in the note to clients that a record M & A cycle next year could drive Goldman's full-year earnings for 2026 above $60 per share. M & A activity has already picked up this year. On Monday, IBM made an $11 billion deal to buy Confluent and Paramount Skydance bega