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&lt;p&gt;Today, Bloomberg&amp;#8217;s Chart of the Day paints a picture of what the future of investment banking might look like.&lt;/p&gt;&lt;p&gt;In the graphic, the stock prices of Goldman Sachs, JPMorgan Chase, Barclays, Morgan Stanley, Bank of America and Citi have been charted over the past nine months&amp;#8212;beginning in September 2008, when Lehman Brothers collapsed. What the colored lines show is that Goldman&amp;#8217;s share price (the pink line) has just about returned to its September 2008 price, while JPMorgan Chase (red) and Barclays (blue) are about 90 percent there. Morgan Stanley (green) isn&amp;#8217;t too far behind (about 82 percent of the way), but BofA (yellow) and Citi (a pale&amp;nbsp;yellow, or light tan)&amp;nbsp;are still struggling, severely. BofA&amp;#8217;s share price is a mere 30 percent of what it was before the Brothers went down, Citi&amp;#8217;s less than 25 percent what it once was. &lt;/p&gt;&lt;p&gt;So, what you could be looking at where the pink, red, blue and green lines nearly converge is the new bulge bracket: Goldman, Barclays, JPMorgan and Morgan Stanley. &lt;p&gt;It should be&amp;nbsp;pointed out&amp;nbsp;that Credit Suisse&amp;#8217;s stock price, though not charted in the graphic, is also right at pre-Lehman bankruptcy levels. So, add the Swiss to the mix as well.&amp;nbsp; &lt;p&gt;&amp;nbsp;&lt;/p&gt;

Derek Loosvelt

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