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In a broad trend across several major financial institutions, a number of the big banks reported fixed income falling, which put downward pressure on net income as a whole. Goldman Sachs was no different; despite beating on earnings expectations, net income fell 10%.
In this segment from Thursday's Investor Beat, host Alison Southwick and Motley Fool analyst Matt Koppenheffer discuss several of the big banks' earnings, and how Morgan Stanley managed to buck the fixed-income trend.
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The article Goldman Sachs' Earnings Beat originally appeared on Fool.com.
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