# Prof. Roy Smith on the shifts in the banking industry

1 Faculty News April 25, 2014 ![MarketWatch logo](/sites/default/files/styles/246w/public/assets/images/marketwatch%20logo.jpg?itok=pHUVfozf)>

Excerpt from [MarketWatch](http://www.marketwatch.com/story/the-future-of-banking-may-not-be-on-wall-street-2014-04-25) -- “'I think the headline for the past earnings quarter was Wells Fargo,' notes [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a professor at New York University’s Stern School of Business and a former general partner at Goldman Sachs Group Inc. 'They seem to have their business model operating on all cylinders.'"

[Read more](http://www.marketwatch.com/story/the-future-of-banking-may-not-be-on-wall-street-2014-04-25)