Shares of investment bank Goldman Sachs hit an all-time high on 10 May as the stock built on its longest winning streak in two years and broader US markets traded near records — a sign of investor optimism for a pickup in big-ticket deals and public offerings.

Investors have been rewarding Goldman this spring. The investment bank is nearing the end of a failed experiment in offering customers consumer banking products and posted a strong start to the year for its bread-and-butter businesses: trading and advising companies on big transactions like acquisitions.