Lloyd Blankfein’s stock is up. Or rather, the perceived likelihood that he will depart from Goldman Sachs before the end of the year has fallen sharply since he popped that magic PR pill.
Here’s the relevant chart from self-styled “prediction market” Intrade:
So, when Blankfein appeared before Carl Levin et al in the middle of last week, the chances of his departure were put at 50 per cent, but the price has since dropped back to 30.
That said, you could drive a bus through the spread at 25-34. An illiquid investment banker?
Here’s size and depth:
Get Goldman – FT Alphaville
A short history of standing ovations for Lloyd Blankfein – FT Alphaville