Goldman Sachs fee share hits 21-year high as banks smash records – Financial News
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Goldman Sachs is on course to bring its biggest share of the investment banking fee pool for 21 years, a sign the Wall Street giant is benefiting from the record surge in M&A and equity capital markets deals.
The US bank captured 9% of the investment banking fee pool in the first nine months of 2021 — or $8.4bn — as revenues across the sector hit a record $93.5bn, according to data provider Dealogic. This is Goldman’s biggest share of the wallet since 2000, when it had 9.2% of overall revenues. Goldman’s investment banking…
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