The world’s best investment bank 2022: Goldman Sachs – all for one and one for all
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The world’s best investment bank 2022: Goldman Sachs – all for one and one for all

Goldman Sachs Group Inc. Headquarters Ahead Of Earnings Figures
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The businesses for which Goldman Sachs is most renowned dominated investment banking last year – but so much else is going on. The firm is enjoying the pay-off from a long effort to expand middle-market coverage and has successfully built a transaction banking platform from scratch that it can now scale up.

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All of us feel like we have changed a lot since 2020; but probably not as much as Goldman Sachs does. Insiders see the firm’s 2020 investor day as transformational, one in which it revealed a new transparency and client-centricity. Two pandemic-disrupted years on, the results of that strategy in a period of record-breaking capital markets activity have been extraordinary: revenues at the bank have shot up from $37 billion to over $59 billion.

This translated into both record revenues and profits from investment banking in 2021. And while all its leading competitors also did well, Goldman took a bigger share of the largest slices of a growing pie.


  • JPMorgan
  • Morgan Stanley
  • With combined advisory, underwriting and lending revenues of $14.9


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    Peter Lee is editorial director. He joined Euromoney straight from Oxford University in 1985, and has written about banking and capital markets ever since, being appointed editor in 1999. He became editorial director of Euromoney in May 2005.
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    Deputy editor
    Mark Baker is deputy editor. Prior to joining Euromoney magazine he was based in Hong Kong as managing editor, Asia, for the Capital Markets Group. He previously edited EuroWeek magazine and was also deputy editor at International Financing Review.
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