The US investment bank has reported net revenues of US$44.6 billion and net earnings of US$9.5 billion for the year ended 31 December 2020 with the former being the firm’s highest net revenues in the past 11 years.

Goldman Sachs attributes its record-breaking figures to its client service and execution of its strategic priorities, despite difficult macroeconomic factors caused by Covid-19. During the fourth quarter of 2020, net revenues totalled US$11.7 billion and net earnings were US$4.5 billion. Risk-weighted assets (RWAs) currently stand at US$610 billion. Investment banking also raked in record net revenues of US$9.4 billion, driven by record equity underwriting net revenues and the second highest a

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