Apr
19
How Morgan Stanley Bested Goldman Sachs
By
James P. Gorman’s strategy for Morgan Stanley is paying off. Morgan Stanley’s fixed-income, currency and commodities traders nearly doubled their top line from what was a tough period for the industry last year.CreditKarsten Moran for The New York Times
James P. Gorman is rubbing Goldman Sachs’s nose in it.
Morgan Stanley’s chief executive didn’t just hit his return goal with a $1.8 billion first-quarter earnings showing. His fixed-income, currency and commodities traders virtually doubled their top line from what was a tough period for the industry last year, confirming that their chief rival made a mess of the first three months of the year…
How Morgan Stanley Bested Goldman Sachs
