"As with other big corporations, Goldman could benefit from the Trump administration’s lighter regulatory touch. It will definitely gain from a deep cut to corporate taxes and full access to overseas cash, even if the firm must mark down some tax assets and pay a one-time repatriation tax."
"More significantly, when trading conditions improve, FICC [fixed income, currency, and commodities] could bounce back quickly."
Why it matters: "No one else is as poised as Goldman to profit."
"With trading humbled, the firm is more diversified than it was before the financial crisis. And it is becoming more prosperous, as it expands in mergers, lending, and money management; buys back stock; and invests in technology."
"Whether improvements come from external conditions, organic growth, or a mix of the two, the conversation could quickly shift from Goldman’s fall from past trading glory to its relative value."