Morgan, Goldman Can Grow 7-8% CAGR in Post-Lehman Era: Bernstein

Analysts Brad Hintz, Luke Montgomery and Anojja Shah of Bernstein Research examine the outlook for capital market banks in general, and Morgan Stanley (NYSE:MS), Goldman Sachs Group Inc (NYSE:GS) in particular.

Tighter regulatory supervision

In their report dated September 16, 2013, they point out that the implosion at Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) and the financial crisis precipitated a slew of changes in the financial industry, all for the better. Tighter regulatory supervision (the Dodd Frank Act and the Financial Stability Oversight Council), a Federal Reserve...