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Goldman Sachs initiated coverage on Abercrombie & Fitch with a "Buy" rating and a $120 price target, signaling confidence in the retail sector. The move occurs as Goldman's own stock nears record highs amid a broader market rotation into financial stocks and a strategic pivot towards asset management.
Charles Schwab reported a significant increase in client assets for November 2025, with totals reaching $11.83 trillion. The growth reflects broad market strength and heightened investor activity following a recent Federal Reserve policy shift toward lower interest rates.
Wealthfront (WLTH) launched its IPO on the Nasdaq, raising approximately $485 million and securing a fully diluted valuation of $2.6 billion. The debut is a critical test for the consumer fintech market and the viability of standalone robo-advisor business models.