From The Motley Fool, Dated May, 7th 2013.
Goldman Sachs (NYSE: GS), the
largest independent investment bank in the U.S., and Morgan Stanley (NYSE: MS), the sixth-largest bank
in the U.S., have recently released their quarterly results.
Goldman Sachs was able to beat both top-line and bottom-line
estimates, but revenue from
its biggest segment fell by 10%. Similarly, while Morgan Stanley’s earnings were
also above the Wall Street expectations, the firm failed to impress investors
as its fixed-income operations continue to under-perform.
