higher expenses and a plunge in dealmaking hobbled quarterly results for two of wall street’s premier investment banks with shares of goldman sachs group inc sinking amid concern that the situation won’t improve anytime soon morgan stanley’s report was less dour and the stock gained ground in premarket trading goldman’s investment banking fees dropped by almost half during the last three months of 2022 from a year earlier and the backlog of new business shrank compared with the third quarter the company said in a tuesday statement at the same time costs jumped driven by compensation and the new yorkbased bank earmarked more funds to cover loans that might go sour that left net income down 69 from a year earlier on a 16 drop in revenue the shares dropped 3 in early trading