From a fees perspective, Morgan Stanley (NYSE:MS) was the No. 2 bank in terms of equity underwriting in 2012. But now, with The Blackstone Group (NYSE:BX) taking Sea World public, Goldman Sachs (NYSE:GS) is the lead book runner on the deal, which includes a whole slew of the biggest names in investment banking. But which name isn't on that list? Why, Morgan Stanley.

Should investors be concerned that this bank's reputation is slipping away? Motley Fool financial analysts Matt Koppenheffer and David Hanson give investors some perspective on how to interpret this fishy new deal. 

 

David Hanson owns shares of Goldman Sachs. Matt Koppenheffer owns shares of Goldman Sachs, Bank of America, Morgan Stanley, and The Blackstone Group. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.