Take Goldman Sachs for instance. Wall Street banks suffered from an onslaught of new regulation, as well as depressed trading volumes as Federal Reserve bond-buying suppressed market volatility. Goldman Sachs also noted that next year’s transition away from the Libor rate benchmark will be big for clients. It also could keep Morgan Stanley shares from fully realizing the benefits of its own deals, with E*Trade Financial and Eaton Vance, for a while. Goldman and Morgan Stanley seem to be in a better position to outperform expectations.

Source: Mint October 19, 2020 19:07 UTC