A Very Subdued Reaction in Goldman

News of the Goldman Sachs (GS) earnings report was usurped by the Citigroup (C) announcement that Vikram Pandit would no longer be around to celebrate the holidays with the company as its CEO. In or out, I'm trying not to focus on it too much Tuesday, as there are plenty of others already doing so. I am much more interested in the reaction of stocks to their earnings. Of course, if there is some sort of smoking gun at Citigroup, then it will warrant attention, but nearly all the theories here have been conjecture. As the premarket trading in Citigroup showed, chasing conjecture on a story like this could be very, very painful.

Goldman hasn't reacted much to earnings thus far, although we did see part of the run that I had anticipated would occur today. Still, this is a very subdued reaction to a good beat. The conference call wasn't overly enthusiastic, and when you pair that with the early hesitation in Citigroup shares, I think we have ourselves a situation in which the market has yet to respond to Goldman earnings, since it is almost as if it did not even report this morning....225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.