Wall Street Roundup: Goldman. Goldman. Goldman. And Citigroup.
Goldman, Goldman, Goldman. There is little talk about anything other than Goldman Sachs and the SEC's blockbuster suit against the firm. It appears that top Goldman officials may have overseen the deal in question, that European authorities may be looking at taking action against the firm, that the SEC may be looking at charges against other banks on similar grounds, and that Goldman was blindsided by the charges, among other story lines breaking today.
Citi looks good. In other banking news, Citigroup announced on Monday morning that it had a strong first quarter, the latest bank to report good results.
Good economic signals. A monthly index of economic indicators shows the economy recovering at a quickening pace. The Conference Board's index of leading indicators went up by 1.4% in March, more than the 0.4% increase in February.
-- Nathaniel Popper