What to Watch for in Goldman and Morgan Stanley Earnings

The transcript discusses the differences in focus between Goldman Sachs, Morgan Stanley, and other major banks like JP Morgan, Bank of America, and Citigroup. It highlights how Goldman and Morgan Stanley are more geared towards capital markets, while the others rely more on consumer lending. The performance of trading and investment banking is analyzed, noting that Goldman and Morgan Stanley might benefit if they exceed trading expectations. The outlook for Goldman is vague, with low expectations. The transcript also covers Goldman's venture into consumer lending with the Marcus platform, aiming for growth despite the late credit cycle.

In what ways do Goldman Sachs and Morgan Stanley's approaches to lending differ from traditional commercial banks?

What is the significance of Goldman Sachs' Marcus platform in their business strategy?