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Goldman Profit Tumbles on Real Estate Hits, Deals Slump
Bloomberg Businessweek
Goldman Sachs and JP Morgan's Kitchen Sink Quarters
Goldman Sachs reported a 14% drop in trading for the second quarter of 2014. The bank has been number one on Wall Street's equity trading franchise three out of last four quarters. Morgan Stanley and JP Morgan have made a real run at denting that image, says Julian Zelizer. He asks: Are we just assuming because of kind of the economic cycle?
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