Nov 7 (Reuters) - Goldman Sachs ( GS ) promoted 95

bankers to its elite partner ranks, including 26 women, the Wall

Street giant said on Thursday.

The appointments, which occur every other year, rose from 80

partners named in 2022.

The partnership is a legacy of Goldman's era as a private

firm, when partners pooled their own money to support trading

and investment banking, and split the resulting profits or

losses.

The cohort, which has more than 400 members including

Goldman's top leaders, remains an important part of its culture

even after the company went public in 1999.

"Members of the partner class of 2024 have contributed

meaningfully to our business and culture," CEO David Solomon

said.

The promotions reflect growth in Goldman's global banking,

markets, asset and wealth management businesses, he added.

The class is 18% Asian, 6% Hispanic or Latino and 4% Black,

with the percentage Black partners in the cohort dropping from

9% in 2022. Women made up 27% of new partners, compared with 29%

in 2022.

The promotions take effect on Jan. 1.

Goldman Sachs' ( GS ) profit beat estimates in the third quarter,

fueled by a rebound in bond sales, stock offerings and mergers

that its executives expects to continue into next year.

"We are in a recovery period and my expectation is you will

see more robust capital markets activity" in the next two years,

Solomon told a conference last month.

The company has refocused on its traditional mainstays -

investment banking and trading - after a consumer business that

Solomon championed lost billions of dollars.