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.