Nice! From NY Times:

Goldman Sachs confirmed on Monday that it would raise $5 billion through a stock offering to help pay back government rescue funds, as it posted a $1.8 billion profit for its first quarter.
In a statement, Goldman said: “After the completion of the stress assessment, if permitted by our supervisors and if supported by the results of the stress assessment, Goldman Sachs would like to use the capital raised plus additional resources to redeem all of the TARP capital.”

UPDATE

E-mail:

Rich,
I wouldn’t get too excited about that news. From what I’ve seen and have heard some confirmation from people around the industry, there’s been a lot of funny business going on with GS, as well as some of the other banks. I’m sure you recall few weeks back with the AIG fiasco, the real news was not the bonuses but that the government was funneling money through AIG to these banks, including Goldman Sachs. I don’t do much writing about this but a pretty reliable source is Zero Hedge. They’ve been closely monitoring those activities.
I would love to be jumping up and down about the news of GS profit but I’ll rather be cautious. That’s just my two cents on it.