Goldman Sachs recorded net earnings for the full-year 2021, even as it posted a double-digit decline during the fourth quarter of the year, the firm announced in a filing.

  • Fourth-quarter net earnings stood at $3.809 billion, down 13% from the $4.362 billion the previous year and 28% lower than the $5.284 billion the previous quarter. Diluted earnings per share fell 11% year-on-year to $10.81 from $12.08.
  • Full-year net earnings surged by 129% to a record $21.635 billion from $9.459 billion, with diluted earnings per share up 140% to $59.45 from $24.74. Revenues hit a record-high $14.168 billion, up 55% from $9.141 billion.
  • Investment banking generated recorded net revenues of $14.88 billion, driven by record net revenues in each of financial advisory, equity underwriting, and debt underwriting. It ranked first worldwide in announced and completed mergers and acquisitions.

Goldman Sachs also ranked first in worldwide equity and equity-related offerings, common stock offerings, and initial public offerings. GS is down 8.07%.