Sanford Bernstein's Brad Hitz thinks Goldman Sachs (GS) and Morgan Stanley (MS) will likely take...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Sanford Bernstein's Brad Hitz thinks Goldman Sachs (GS) and Morgan Stanley (MS) will likely take a hit should Treasurys get downgraded. Hitz believes a downgrade would hurt the fixed-income, currencies, and commodities trading revenue of the firms, as credit spreads widen and investors reduce holdings of dollar-based assets.