In my opinion, this is not a bad short term move. However, I think the investment banking landscape has been significantly changed to the point where they’re just not going to be as profitable anymore. The current $135 share price might see a nice bump over the next year or two, but I’d guess this stock goes stagnant after that. Unless, of course, Goldman gets some balls and maybe buys a nice retail bank...
Haven't you heard? They already got our beloved Federal Government to make Goldman Sachs a regular ol retail bank already!!!