Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

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

|Includes: The 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:

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