Heard on the Street: Goldman wins big with deal

For Goldman Sachs, the settlement with the SEC clears the way for a possibly dramatic rerating of its stock. But a swift ascent isn't certain.

Talk about timing. No sooner had the Senate passed financial-overhaul legislation and BP capped the flow of oil in the Gulf, at least temporarily, than the SEC late Thursday announced a settlement with Goldman Sachs.

Combined, these events may help boost investor sentiment, even if they don't alter weakening economic fundamentals. For Goldman, a deal clears the way for a possible dramatic clears the way for a possibly dramaticrerating of its stock.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump