On Thursday, both Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) reported earnings for the first quarter of 2014. Both banks managed to top analysts' earnings expectations, but Morgan Stanley looked comparatively better.
As compared to the first quarter of last year, Morgan Stanley notched an 18% increase in earnings as its fixed-income trading group posted a surprisingly strong performance. Goldman, meanwhile, saw its earnings fall 10%, as its fixed-income trading performance followed in the footsteps of other big Wall Street banks and dropped significantly.
But this simple comparison doesn't quite tell the whole story. In the clip below from The Motley Fool's banking-focused show, "Where the Money Is," Fool analysts Matt Koppenheffer and Max Macaluso discuss the two earnings reports and whether investors should be rushing to crown Morgan Stanley "King of the Quarter."
