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Goldman's Blankfein Says He's More Optimistic-Bloomberg

|Includes: Goldman Sachs Group Inc. (GS)

Lloyd Blankfein was interviewed on Bloomberg today and I though he made some salient points. One thing that I thought he was right on about was the fact that while everybody is predicting dire returns on equity for financials including the investment banks, Goldman Sachs (NYSE:GS) had a 12.2% ROE in the first quarter despite a very lackluster economic environment. He referred to first quarter conditions as a "lower third-quartile opportunity set." I don't see any reason why GS can't average a 15% ROE across the economic cycle and buybacks at the current stock price are quite attractive.

Blankfein is also a little more bullish on the economy than many people are. Enjoy the article:

http://www.bloomberg.com/news/2012-04-25/goldman-s-blankfein-says-he-s-more-optimistic.html

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.