“There's no question there are some shifts in consumer behavior," Goldman CEO David Solomon said.
Revenue in the firm's wealth unit totaled $6.79 billion, lower than analysts' expectations.
Both fixed-income and equity traders outpaced analysts' estimates.
A growing number of financial elites are throwing their weight behind Trump.
“Inflation is clearly moderating but it's still sticky,” he said.
This marks the fifth iteration of the firm's Loan Partners fund.
James Gorman, 65, disclosed his plan Thursday at the company's annual shareholder meeting.
Hwang faces charges of fraud and racketeering conspiracy that could put him behind bars for life.
The inquiries focus on a wealth management arm that has swelled into Morgan Stanley's biggest business.
Goldman Sachs has sought to win back investors with a renewed focus on its core Wall Street business.
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