Can Goldman Sachs Cost Cut Its Way to Profitability?

The video discusses the challenges in comparing bank earnings due to nuanced differences, particularly between Morgan Stanley and Goldman Sachs. It highlights issues with revenue and market share, noting a 50% drop in returns. The narrative of job cuts and compensation trends in Europe and the US is explored, with a focus on cost-cutting as a strategy to boost net income. The discussion shifts to investment strategies, comparing debt and equity, and concludes with an analysis of Goldman's expense-cutting measures and their impact on stock performance.

What factors are contributing to the current struggles of financial companies?

What strategies are banks considering to improve their financial performance?