Experience Stern | News & Events

Excerpt from Forbes -- "For JPMorgan and Goldman the drop off has been manageable, but the rest of the field has been forced to pitch securities businesses to investors as a loss leader. At current activity levels both JPMorgan and Goldman 'can operate in a viable business model in which their return on equity is equal or greater than their cost on equity capital. That is not true for anybody else,' says Roy C. Smith, a professor at New York University’s Stern School of Business and former Goldman Sachs limited partner."

Read more