Goldman's Golden Quarter

While rival investment banks struggled, Goldman used its global reach and subprime savvy to increase profits sharply

Goldman Sachs (GS) reminded Wall Street on Thursday why it's the undisputed leader of the investment banking sector. While rivals such as Morgan Stanley (MS), Lehman Brothers (LEH), and Bear Stearns (BSC) have reported declining profits (BusinessWeek, 9/7/07) for the third quarter, Goldman's performance was stellar during a period marked by crisis in the U.S. and European credit markets.

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