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 (GS) had a 12.2% ROE in the first quarter despite...Read More

USB continues to operate really well.  It is a really good indicator of traditional banking as they offer a very straightforward U.S. centric business model.  While I’d much rather own USB than 95% of banks out there, the valuation isn’t quite as attractive as the large money center banks so if it came down I’d...Read More