Goldman Sachs Will Hit All-Time High in Near Future: Mike Mayo

The transcript discusses the results of a recent stress test on banks, highlighting their resilience and capital adequacy despite harsh scenarios. It acknowledges the role of regulators in ensuring banks' stability post-financial crisis and the influence of bank lobbyists in Washington. The discussion also touches on the potential for banks to support small businesses and the future outlook for bank stocks, particularly Goldman Sachs, which is expected to reach an all-time high.

What role do banks play in the current economic recovery according to the discussion?

What are the potential risks that banks still face despite their current capital levels?

How has Goldman Sachs positioned itself in the market following the Fed stress tests?