BUSINESS

Wall Street Logs Best Quarter Since Credit Crisis Erupted

07/30/2009 05:12 am ET | Updated May 25, 2011

The securities firms still standing on Wall Street are about to close the most lucrative quarter since the credit crisis erupted.

And instead of relying on risk and leverage to drive profits, companies such as J.P. Morgan Chase & Co., Goldman Sachs Group Inc., Morgan Stanley and Bank of America Corp. are getting back to basics, with a strong performance from trading and underwriting.

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