Goldman Sachs chief executive Lloyd C . Blankfein says markets are poised for prolonged growth and will quickly move on after a jolt from the Federal Reserve's first interest-rate increase since 2006.
The largest individual owner of Goldman Sachs stock has a stake in the company worth almost $500 million, plus real estate and a portfolio seeded by cash bonuses and distributions from the bank's private-equity funds.
Investors overreacted to Federal Reserve Chairman Ben S. Bernanke's comments that the central bank could reduce monthly bond purchases, Goldman Sachs Group Inc. Chief Executive Officer Lloyd C . Blankfein said.