From this morning's New York Times:

At its nadir last November, Goldman Sachss share price closed at $52, nearly 80 percent below its high of around $250. By then, many of its chief competitors Bear Stearns, Lehman Brothers, Merrill Lynch and UBS were dead or shadows of their former selves. Even Morgan Stanley, long considered Goldmans archrival, had nearly died. But somehow, less than five months later, on the heels of a surprisingly profitable first quarter of fiscal 2009, Goldman Sachs is once again riding high, with its stock closing Tuesday at $115 a share.

The piece ends with the promise of things to come:

There is a reason Bill Gates once said Microsofts biggest competitor was Goldman Sachs. Its all about I.Q., Mr. Gates said. You win with I.Q. Our only competition for I.Q. is the top investment banks. And then there was one.