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Goldman’s stock climbs as Blankfein is set to retire as CEO as early as 2018, says report

“The paper said Goldman head Lloyd Blankfein is set to step down as early as the end of 2018, capping a roughly 12-year run at the helm of the world’s most prominent investment bank” writes Mark Decambre for For the year, Goldman’s shares were up 6.2%, compared with the S&P 500 index SPX, +1.74% which is up 3.6% so far in 2018.The 63-year-old Blankfein could also retire in the bank’s 150th anniversary year of 2019.Either way, the bank appears to be laying the groundwork for succession after Blankfein helped guide the bank out of the 2007-08 financial crisis.

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