The US investment bank’s ‘strong’ performance in the fourth quarter helped to deliver ‘solid’ results for the year, according to David M. Solomon (pictured), chairman and chief executive officer.

Goldman Sachs has reported net revenues of US$9.9 billion for the fourth quarter of 2019, up 23% from the prior year quarter, and 20% higher than the third quarter of 2019. The increase compared to 4Q 2018 primarily reflected ‘significantly higher’ net revenues in the asset management and global markets division’s. Net revenues for full year 2019 were US$36.5 billion, essentially unchanged compared with 2018. In 4Q, net revenues in investment banking were US$2.1 billion, six

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