Goldman Sachs, Morgan Stanley Outpacing Commercial Lenders

Feb. 11 (Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley, securities firms that morphed into banks to endure a loss of confidence in Wall Street, are outpacing commercial lenders as investors shun companies that hold consumer debt.

Morgan Stanley has climbed 30 percent this year while Goldman Sachs gained 7 percent. Among their competitors, Bank of America Corp., the biggest U.S. bank by assets, has dropped 61 percent and Citigroup Inc. has tumbled 50 percent. The 24- company KBW Bank Index slid 40 percent in 2009.

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