Verified peer comparison

BRK.B vs GS

Berkshire Hathaway Inc. compared with The Goldman Sachs Group, Inc.. This page compares both source-verified company profiles and does not introduce an unverified price target.

BRK.B

Berkshire Hathaway Inc.

$189.43

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The Goldman Sachs Group, Inc.

$189.43

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Company-specific comparison

Business exposure

BRK.B: Multi-Sector Holdings

GS: Investment Banking and Brokerage

Upside lens

BRK.B: Disciplined underwriting across GEICO, Berkshire Hathaway Reinsurance Group, and primary insurers can provide low-cost float for investment. Berkshire's large cash and Treasury-bill holdings provide capacity for acquisitions, securities purchases, operating investment, or repurchases when expected returns are attractive. Earnings from insurance, BNSF, Berkshire Hathaway Energy, manufacturing, service, and retail can offset weakness in individual industries.

GS: A healthier advisory and underwriting pipeline can lift fees if announced transactions close and capital-markets activity remains constructive. Goldman's integrated financing, execution, and risk-intermediation platform can capture elevated client activity across asset classes. Growth in management fees, private-banking balances, and alternatives fundraising can increase the share of recurring revenue and deepen client relationships.

Risk lens

BRK.B: Large or unusual insured events can produce volatile claims, reserve uncertainty, and material quarterly underwriting losses. Concentrated public-equity holdings and the difficulty of deploying a very large capital base can amplify market exposure or depress future returns. Railroad and utility returns depend on heavy investment, operational reliability, regulation, commodity flows, weather, and wildfire-related liabilities.

GS: Abrupt changes in rates, credit spreads, commodities, currencies, or equities can reduce client activity and create trading or investment losses. Investment banking backlog may not convert into revenue when financing conditions, regulation, geopolitics, or client decisions delay or cancel transactions. Higher capital, liquidity, resolution, or compliance requirements could constrain balance-sheet deployment and reduce returns from otherwise attractive client activity.