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At Morgan Stanley, Challenges — And Questions — Abound

Jun 18, 2008By

It’s looking awfully good to be Goldman Sachs Group Inc. [stock GS][/stock] these days. With Lehman Brothers Holdings Inc. [stock LEH][/stock] backed into a corner, Morgan Stanley [stock MS][/stock] stumbled out of the gate on Wednesday after announcing that net earnings had fallen to just $1.03 billion in the second quarter, or 95 cents a share, compared to $2.36 billion, or $2.24, a year earlier.

3d rendering of a row of luxury townhouses along a street

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