The firm suffered its eighth straight quarterly profit drop.
A smattering of companies are set to test the market for stock listings.
The move marks Goldman's renewed focus on ultra-wealthy clients.
Firms across the corporate world are meeting resistance from employees to going back to pre-Covid work habits.
The bank is looking to sell the personal financial management business, which oversees about $29 billion in assets.
The Wall Street firm is enlisting several hundred new staffers to help address concerns from authorities.
It would break with the industry norm if Morgan Stanley named a new leader without losing those passed over.
The bank's profit plunged after an investment banking slump and real estate markdowns.
Morgan Stanley's Wall Street operations sputtered amid a slowdown in trading and investment banking.
The bank's trading business is trending down more than 25% this quarter compared with a year ago.
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