Goldman in Spotlight as All 35 Banks Clear First Stress Test Hurdle

The transcript discusses the leverage ratios of Goldman Sachs and Morgan Stanley, highlighting their importance for big banks. It explores the implications of these ratios on dividends and buybacks, with both banks issuing statements to downplay concerns. The discussion also touches on the impact of tax reform on capital and the challenges posed by harsh test scenarios on capital markets. Analysts had expected a drop in dividends and buybacks, but Goldman was more surprised than anticipated.

What was the overall sentiment expressed about the financial situation of Goldman and Morgan Stanley?

How did the stock market decline impact the capital markets for Goldman and Morgan Stanley?