Goldman Sachs Group (GS) vs Morgan Stanley (MS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Morgan Stanley (MS) has outperformed Goldman Sachs Group (GS) over the past year, gaining 21.6% versus a gain of 12.4%. Over five years, GS leads with a +118.5% price change compared with +85.7% for MS. Morgan Stanley is the larger company by market cap ($297.95 billion vs $258.33 billion), about 1.2 times the size.
On valuation, Goldman Sachs Group trades at a lower forward P/E (12.2x vs 14.0x for Morgan Stanley). Morgan Stanley offers the higher dividend yield (2.19% vs 1.92%). Goldman Sachs Group converts more of its revenue into profit, with a net margin of 29.5% versus 23.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | GS | MS |
|---|---|---|
| Share price | $887.21 | $189.71 |
| Market cap | $258.33B | $297.95B |
| 1-day change | -1.11% | -0.69% |
| YTD return | +0.93% | +6.86% |
| 1-year return | +12.35% | +21.63% |
| 5-year return | +118.49% | +85.74% |
| P/E ratio (TTM) | 13.70 | 15.32 |
| Forward P/E | 12.21 | 13.96 |
| EPS (TTM) | $64.75 | $12.38 |
| Dividend yield | 1.92% | 2.19% |
| Annual dividend | $17.00 | $4.15 |
| Revenue (latest FY) | $58.28B | $70.64B |
| Revenue growth (YoY) | +8.92% | +14.38% |
| Net income (latest FY) | $17.18B | $16.86B |
| Net margin | 29.47% | 23.87% |
| 52-week high | $1,153.99 | $232.25 |
| 52-week low | $740.01 | $151.84 |
| Distance from 52-week high | -23.12% | -18.32% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +21.67% | +18.33% |
| Average volume | 2.01M | 5.15M |
| Shares outstanding | 291.17M | 1.57B |
| Employees | 46,200 | 83,000 |
| Sector | Finance | Finance |
| Industry | Investment Bankers/Brokers/Service | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Goldman Sachs Group is more profitable, keeping 29.5 cents of every revenue dollar as net income versus 23.9 cents for Morgan Stanley.
- Morgan Stanley grew revenue faster in its latest fiscal year (+14.38% vs +8.92%).
About Goldman Sachs Group
GS stock →The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.
Finance · Investment Bankers/Brokers/Service · 46,200 employees
About Morgan Stanley
MS stock →Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
Finance · Investment Bankers/Brokers/Service · 83,000 employees
GS vs MS FAQ
Which is bigger, Goldman Sachs Group or Morgan Stanley?
Morgan Stanley (MS) is larger, with a market capitalization of $297.95B compared with $258.33B for Goldman Sachs Group (GS).
Which stock has performed better over the past year, GS or MS?
MS returned +21.63% over the past 12 months, compared with +12.35% for GS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, GS or MS?
GS has the lower trailing P/E at 13.7, versus 15.3 for MS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Goldman Sachs Group or Morgan Stanley?
Morgan Stanley has the higher yield at 2.19%, compared with 1.92% for Goldman Sachs Group.
Are Goldman Sachs Group and Morgan Stanley in the same industry?
Yes. Both are classified in the Investment Bankers/Brokers/Service industry within the Finance sector.