Have the stars fallen?
So far, we've witnessed GS and MS's profits tumble in the last quarter. GS has taken a huge knock to its reputation and seems to be in constant litigation with someone over something.
Morgan Stanley bankers are supposedly getting screwed with bonuses and aren't exactly killing it, while the banks wielding the colossal balance sheets seem to be flourishing. JPM smashed earnings expectations, as did WF and Citi is making a strong come back having posted $10billion in 2010. BAML's IB business is rapidly rising through the league tables and seems to be unstoppable.
So what does everyone think? Are the new GS/MS going to be their brothers with the commercial arms?
Note: I am not knocking on GS in anyway. I know that would be punishable by firing line on here.
I mean, haven't people cried GS' demise like, five time in the past decade alone?
This is a very cyclical game we play. 10-20 years from today most people will forget that the financial crisis ever happened.
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