Verified peer comparison

GS vs MS

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

The Goldman Sachs Group, Inc.

$189.43

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Morgan Stanley

$189.43

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High: --
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Company-specific comparison

Business exposure

GS: Investment Banking and Brokerage

MS: Investment Banking and Brokerage

Upside lens

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.

MS: Active advisory, underwriting and trading markets can lift Institutional Securities revenue. Net new assets and fee-based flows can deepen recurring Wealth Management revenue. Cross-division client relationships can broaden wallet share and improve capital efficiency.

Risk lens

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.

MS: Lower issuance, deal completion or trading activity can quickly reduce revenue. Client defaults and stressed markets can create lending and trading losses. Stricter capital, compliance or conduct requirements can constrain returns.