NY Times reports. Stock falls and is down -0.81% at $237.16

The NY Times is reporting that GS CEO Blankfein is likely to step down in December. Goldman's president David Solomon. 56, is likely to be named new CEO. Solomon was named sole president of the firm in March.

The full article can be found HERE.

The initial reaction to the news has been a fall in the stock price. It is currently down -0.81% at $237.16. The low reached $236.90.