Goldman Sachs: Growing like it promised

After setting ambitious targets in its 2020 investor day, Goldman Sachs has been making good on its promises across all areas of the firm.

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For Goldman Sachs, 2021 was a year of strong financial performance as investment banking activity remained high and secondary market levels recovered, coupled with continuing efforts to broaden the bank’s franchise into less volatile areas.

Revenues were up 42% in the first nine months of 2021 to $46.7 billion, with investment banking up more than 60%, global markets up 7%, asset management up an astounding 152%, and consumer and wealth management up 27%.

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