Goldman Sachs had record 2020 with profit doubling
Net income more than doubled to $4.51bn in the 2020 final quarter, the highest in more than a decade
19 January 2021 - 16:33
New York — Goldman Sach’s dealmakers capped their record 2020 year with a fourth-quarter revenue jump that helped the bank double its profit.
Investment-banking revenue climbed 27% from 2019 as fees from equity underwriting nearly tripled. The firm’s stock traders delivered a 40% revenue increase, making up for fixed-income trading that fell short of analyst estimates...
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