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  "documentTitle": "why invest in goldman sachs",
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  "notes": "Page number 16 at bottom.",
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      "text": "Goldman Sachs outperformed both Bear Stearns and Merrill Lynch and from 2004-2006 underperformed Morgan Stanley.",
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      "text": "Total Revenue Margin- is calculated as total net revenues minus non-interest expenses divided by total net revenues. This ratio shows how much dollars of revenue Goldman Sachs makes after deducting non-interest expenses. Goldman Sachs outperformed its competitors. From 2000-2003 Goldman Sachs outperformed both Bear Stearns and Merrill Lynch and from 2004-2006 underperformed Morgan Stanley.",
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      "text": "Interest and Dividend Expense Efficiency- is calculated as interest and dividend minus interest expense divided by interest expense. This ratio shows how much dollars of interest expense comes out of interest and dividend revenue. Goldman Sachs underperformed compared to Bear Stearns and Merrill Lynch but outperformed Morgan Stanley from 2002-2006.",
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