From the perspective of some, Morgan Stanley and Goldman Sachs are in the best position of the top banks. Their stocks have certainly been on something of a run. So much so that some are talking about a possible common offering by both banks. TheStreet.com reports that Goldman Sachs CEO Lloyd Blankfein has said "he wanted to wait until he heard back from regulators after much-anticipated 'stress tests' being done on all the banks." This will likely be finished in the middle of April. If all goes well for Goldman, and it likely will, a big common stock sale may be the next step.

Analyst Richard Bove notes that Morgan Stanley's John Mack stressed the importance of equity in a recent interview. If they can sell common shares, it would indicate a certain strength. Citi--fresh from a massively dilutive exchange offer--and Bank of America are not as well positioned.

For more:
- here's TheStreet.com article

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