Lloyd Blankfein is getting ready to leave his position as Goldman Sachs' (GS) CEO, an exit that could come as soon as the end of this year, the Wall Street Journal reported Friday, with the bank's two co-presidents possible successors.
The Journal said that Blankfein's departure would likely be followed with "a quick transfer of power." The paper, citing sources, said Goldman "isn't looking beyond" Harvey Schwartz and David Solomon, the company's co-presidents.
Blankfein didn't confirm the report in a tweet just before the closing bell. But he didn't deny it either.
It's the @WSJ's announcement...not mine. I feel like Huck Finn listening to his own eulogy.
— Lloyd Blankfein (@lloydblankfein) March 9, 2018
Shares of Goldman rose 1.7% to 270.77 on the stock market today, approaching a 273.89 flat-base buy point.
Rival Morgan Stanley (MS) rallied 3% to 58.67, just clearing a 58.15 in volume that was slightly above normal. Morgan Stanley has been outperforming Goldman Sachs in recent quarters, and so has its stock.
JPMorgan climbed 2.9% to 118.04, but has no buy point right now.
Bank of America (BAC) gained 1.6% to 32.72, just below a 32.77 entry in a messy flat base.
Citigroup (C) added 2.7% to 76.11. It's in a flat base with an 80.80 buy point, but closed Friday just below its 50-day line.
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