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Goldman Sachs CDS percentage change larger than stock

|Includes: AVN, BAC, BCS, BNPQY, CRARY, CS, DB, Goldman Sachs Group Inc. (GS), JPM, MER, MER.I, MS, NMR, RBS, SAN, UBS, WFC

As anyone who has watched the market today already knows, the SEC chargesĀ  against Goldman Sachs are front and center today and the stock crashed over 15% from $184 to around $155 at one point today before recovering to where it is currently trading around $160, or down about 13%. Goldman credit default swaps, however, were wider by 40% at one point today. Other major investment bank stock prices are also down and their CDS are wider in sympathy.

Disclosure: long all stocks