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GOLDMAN SACHS: Lagging fund inflows can drive the stock market even higher

Goldman noted that "a large portion of positioning has still not moved into equity" from traditionally safer assets including bonds and cash.
Storied Wall Street bank Goldman Sachs is going through some massive shifts under CEO David Solomon.

Goldman Sachs is going through a huge transformation under CEO David Solomon. Here’s everything you need to know.

In 2019, it saw a slew of partner departures — many in the securities division. And now it's adding recruiting exes to focus on lateral hiring.

Wall Street is more terrified of an Elizabeth Warren presidency than previously thought, new report finds

Barclays drew up five reports that assessed a largely negative impact from a Warren presidency on many economic and financial sectors.

Goldman Sachs misses profit forecasts as legal costs double to more than $1 billion

The bank posted a strong quarter for trading, but the impact was muted by a $1.1 billion legal charge amid a pending settlement for the 1MDB scandal.
Michael Corbat, left, CEO of Citigroup, and Jamie Dimon, CEO of JPMorgan Chase, testify during a House Financial Services Committee hearing in Rayburn Building titled "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis," on Wednesday, April 10, 2019.

Citi earnings beat estimates as fixed-income trading spikes 49%

The firm posted a 49% gain to fixed income trading revenue, more than double the gain analysts anticipated, according to those surveyed by Bloomberg.
Wall Street traders.

The stock market is dismissing the threat of war with Iran so far — and that’s in line with how it’s historically responded to major...

Some analysts say investors have steeled themselves against geopolitical crises and learned to determine which incidents are likely to be isolated.
Citi trader Thomas Ferrigno works in his company's booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 27, 2016.

Citibank will reportedly hire 2,500 coders to bolster its trading and investment banking units

The move comes amid a shift in the industry as major banks spend more on electronic programs and cut in-person trading operations.
Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019.

Nasdaq is poised to beat the New York Stock Exchange in IPOs for the first time since Facebook’s disastrous 2012 offering

The Nasdaq exchange also hosted more than three times the deals this year, executing 154 IPOs versus the New York Stock Exchange's 47.

Morgan Stanley fined $22 million over alleged bond-market ‘pump and dump’ scheme

The bank bought French bond futures to prop up its Belgian bond holdings and sell the latter assets, the Autorité des Marchés Financiers alleged on Tuesday.
CEO James Gorman

Morgan Stanley is cutting 1,500 jobs. Expect more as banks cull before bonus season.

Bloomberg reported that most of the cuts are in tech and operations. "Other firms will likely announce cuts as planning for 2020 continues," CNBC wrote.