Goldman Sachs and Morgan Stanley will report earnings next week, and there have been some rumors that Goldman Sachs would report a writedown. Still, neither company is expected to report a loss, notes CNNMoney.com, much less a staggering $2.8 billion loss that many are expecting from Lehman Brothers. We've noted that the credit crunch might re-order the financial services world a bit. But at least in investment banking, Goldman Sachs, with Morgan Stanley right behind, will remain on top. Before the crunch, the conventional wisdom held that Lehman was morphing from a bond shop into a more diverse company, one that might enter the elite ranks in the industry. Sadly, no one is talking about that now. The breadth of the top two has served them well and created some distance between them and their peers.  

For more:
- here's the CNNMoney.com article

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