12/8/2008

Investors are not optimistic about upcoming results for Goldman Sachs and Morgan Stanley, so they're looking beyond results for indications of plans to grow. While Goldman CEO Lloyd Blankfein offered a forecast that includes a 20% return on tangible equity, his claims are debatable, according to this article. Meanwhile, James Gorman, co-president of Morgan Stanley, said new limits on leverage as a result of becoming a bank holding company will reduce profitability.

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