We're looking forward to the Goldman Sachs (GS) conference call (7:00 AM ET) to learn more about how good the quarter really was, but it looks like the market is giving it thumbs up -- this even though the stock ticked off a couple dollars last night.
Financials in the US are already indicated to start rallying, with Citigroup (C) above $4 pre-market, Bank of America up about 3% and GE a few pennies higher.
Stocks had a good session overseas, with the Hang Seng gaining over 4% and Europe rallying:
AP: The FTSE 100 index of leading British shares was up 49.21 points, or 1.2 percent, at 4,032.92 while Germany's DAX rose 75.65 points, or 1.7 percent, to 4,566.77. The CAC-40 in France was 48.99 points, or 1.7 percent, higher at 3,023.17.
In London, Barclays PLC was up 12 percent, while Lloyds Banking Group PLC, itself majority-owned by the British government, rose 9 percent. In Frankfurt, Commerzbank AG rose 14 percent and Deutsche Bank AG, Germany's biggest bank, was up 6 percent. Meanwhile in Paris, both BNP Paribas SA and Societe Generale SA rose 9 percent.
