The investment bank has benefited from Gorman's streamlining initiative, which included cutting 25% of the fixed-income trading unit's staff in 2016.
Doug Kass shares his thoughts on Treasury notes and bonds, and offers some other observations.
A House Republican proposal to repeal the banking crisis-era Dodd Frank Act would slash the federal budget deficit by $24 billion over a decade, according to the Congressional Budget Office.
Regulators have pressured U.S. banks in recent years to hoard capital. Now, that's about to change.