In a broad trend across several major financial institutions, a number of the big banks reported fixed income falling, which put downward pressure on net income as a whole. Goldman Sachs(NYSE:GS) was no different; despite beating on earnings expectations, net income fell 10%.
In this segment from Thursday's Investor Beat, host Alison Southwick and Motley Fool analyst Matt Koppenheffer discuss several of the big banks' earnings, and how Morgan Stanley (NYSE:MS) managed to buck the fixed-income trend.
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Alison Southwick has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley. The Motley Fool recommends Bank of America and Goldman Sachs. The Motley Fool owns shares of Bank of America, Citigroup, 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.