From April to June, the firm's net income was $1.3 billion, down from $1.8 billion in the second quarter of 2022.

Outgoing CEO James Gorman said Tuesday that he sees the firm reaching $20 trillion in 14 years.

The pair of wealth management executives discussed how trends they've unearthed in their first 100 days will exercise great influence on the firm's future plans.

The firm's Wealth at Work division delivered strong results while the private bank stumbled.

Despite the recovery of stock values over the past few months, the bank's wealth unit still fell short of last year's earnings.

Earnings are under scrutiny as the financial industry thins out its ranks to cope with a slowdown in deals and pays more on deposits.

To avoid a third straight quarter of disappointing investors on earnings day, Goldman executives have been actively downplaying expectations for results that will be disclosed next week.

As he updated RBC shareholders on a disappointing quarter, CEO Dave McKay cited the U.S. banking crisis and gridlock over the debt ceiling.

The $1 billion cash injection gives the business an enterprise value of about $5.3 billion.

The firm picked up net gains in its ranks of brokers after two years of declines — which also helped it add more than $32 billion in net new assets in the first quarter.