DoJ Heat Could Bring Down Goldman Sachs (GS) CEO Blankfein

Shares of Goldman Sachs (NYSE: GS) were under heavy pressure Thursday after banking analyst Dick Bove of Rochdale Securities told clients to sell the stock amid concerns of a Department of Justice (DoJ) investigation.

Now speculation is mounting about the fate of CEO Lloyd Blankfein.

Bove told Senior FOX Business Network (FBN) Senior Correspondent Charlie Gasparino he would be surprised if the DoJ did not investigate CEO Lloyd Blankfein.

The analyst said the DoJ would unlikely "completely ignore the referral from the Levin Committee."

"FBN asked him point blank do you think Lloyd Blankfein will survive? Bove said he would be surprised if the DOJ would completely ignore the referral from the Levin Committee, which included perjury and a whole bunch of other stuff regarding their business practices. If they don’t ignore that referral, he basically says Lloyd Blankfein is toast," Gasparino said.

Gasparino said Blankfein is facing multiple investigations including a criminal referral.

Shares of Goldman Sachs closed down 3.5 percent to $142.75 Thursday.

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