, Columnist
Goldman and Morgan Stanley Stock Traders Must Be Peaking
As good as it gets?
Photographer: Michael M. Santiago/Getty Images North AmericaBig banks’ share traders are raking it in right now. Sure, stock market indexes have been flying high, but it’s been far from certain in recent years that traditional Wall Street firms would reap the benefits with electronic market makers storming the zone.
Despite the blistering growth of these rivals, the equities desks at Goldman Sachs Group Inc. and Morgan Stanley made record revenue last year, the banks reported Thursday. The question now is whether the industry is at a peak.