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Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the US and 70% is from the company's wealth-management segment.

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

The midday Monday market mood is upbeat. Small-caps again are winning the day with the Russell 2000 up 1.5%. Techs are also having a good day. Other indices are in green as well. Goldman Sachs crushed earnings expectations and that is lifting bank stocks, especially those with investment banking divisions. Fed Chairman Powell is speaking at lunchtime today. His remarks will be televised. Economists will be tuning in as these comments come after the news on inflation last week that showed consumer prices tracking lower and on the way to the Fed's target rate.

The Goldman Sachs Group provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman reorganized its businesses in 4Q22 into three operating segments: Asset & Wealth Management, Global Banking & Markets, and Platform Solutions, with the latter including transaction banking and consumer partnerships.