Goldman Sachs (GS) volatility elevated; shares at 26-month lows

Goldman Sachs (NYSE: GS) confirmed that its CEO Lloyd Blankfein and other executives hired outside lawyers to advise them after the U.S. Senate referred a report on the bank's activities to the Justice Department earlier this year. Overall option implied volatility of 34 is above its 26-week average of 29 according to Track Data, suggesting larger price movement into

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