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GS vs. JPM: Goldman Sachs vs. JPMorgan Chase Stock Comparison

How do Goldman Sachs (GS) and JPMorgan Chase (JPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Goldman Sachs (GS) and JPMorgan Chase (JPM) share the Financials sector but sit in different industry groups — GS in Financial Services and JPM in Banks.

Company profile comparison for Goldman Sachs (GS) and JPMorgan Chase (JPM)
Profile ItemGSJPM
NameThe Goldman Sachs Group, Inc.JPMorgan Chase & Co.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesBanks
GICS IndustryCapital MarketsBanks
GICS Sub-IndustryInvestment Banking & BrokerageDiversified Banks
Market Capitalization249.73 billion USD888.27 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMay 4, 1999March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

GS
JPM
GSPC
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Goldman Sachs (GS) and JPMorgan Chase (JPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Goldman Sachs (GS) and JPMorgan Chase (JPM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
Total Return (1Y)17.85%11.23%
Total Return (3Y, Annualized)44.69%36.31%
Total Return (5Y, Annualized)20.41%18.27%

Risk Profile

Drawdown History

GS
JPM
GSPC
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Goldman Sachs (GS) and JPMorgan Chase (JPM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
Volatility (1Y, Annualized)33.28%23.08%
Beta (5Y)1.271.02
Max Drawdown (5Y)-30.90%-37.93%
Avg. Volume (3M)2.10M7.03M

Risk-Adjusted Performance

Risk-Return Positioning

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GS and JPM are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
Sharpe Ratio (1Y)0.410.30
Sortino Ratio (1Y)0.590.42

Profitability

ROE (TTM)

JPMorgan Chase (JPM) at 18.01% sits in the top ROE quartile, while Goldman Sachs (GS) at 17.71% is closer to the peer norm — stronger capital efficiency for JPM.

GS

Financial Services industry group

17.71%

Max
44.78%
Q3
21.85%
GS
17.71%
Median
12.91%
Q1
4.48%
Min
-18.71%

JPM

Banks industry group

18.01%

Max
19.84%
JPM
18.01%
Q3
13.67%
Median
11.49%
Q1
9.50%
Min
3.64%
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their ROE against their respective Financial Services and Banks industry group benchmarks.

Net Margin (TTM)

Goldman Sachs (GS) at 31.21% retains a top-quartile share of revenue as profit, ahead of JPMorgan Chase (JPM) at 34.59%, which keeps about the industry-typical share.

GS

Financial Services industry group

31.21%

Max
62.84%
GS
31.21%
Q3
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%

JPM

Banks industry group

34.59%

Max
47.19%
Q3
35.25%
JPM
34.59%
Median
31.21%
Q1
27.11%
Min
14.93%
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their net margin against their respective Financial Services and Banks industry group benchmarks.

Operating Margin (TTM)

Goldman Sachs (GS) reports operating margin of 38.37%; JPMorgan Chase (JPM) doesn’t report a comparable line — in Banks, funding costs sit inside the core business rather than below an operating line, so profitability is better judged on net margin or ROE.

GS

Financial Services industry group

38.37%

Max
107.33%
Q3
55.90%
GS
38.37%
Median
30.09%
Q1
14.60%
Min
-44.34%

JPM

Banks industry group

--

JPM
--
Max
--
Q3
--
Median
--
Q1
--
Min
--
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): JPM’s operating margin is not assessed under the Banks industry convention, so the chart shows available visual context for GS only.

Profitability Metrics

Profitability metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
ROE (TTM)17.71%18.01%
ROA (TTM)1.11%1.37%
Net Margin (TTM)31.21%34.59%
Operating Margin (TTM)38.37%--
Gross Margin (TTM)----

Growth

Revenue Growth

Both Goldman Sachs (GS) at 8.92% and JPMorgan Chase (JPM) at 7.32% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Goldman Sachs (GS) at 26.59% is around its peer norm for EPS growth, while JPMorgan Chase (JPM) at 1.37% drops into the bottom quartile, signaling weaker earnings momentum.

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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
Revenue Growth (YoY)8.92%7.32%
Revenue Growth (3Y CAGR)7.16%12.50%
EPS Growth (YoY)26.59%1.37%
EPS Growth (3Y CAGR)19.52%18.31%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Goldman Sachs (GS) in Financial Services and JPMorgan Chase (JPM) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Goldman Sachs (GS) in Financial Services and JPMorgan Chase (JPM) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Goldman Sachs (GS) at 2.07% and JPMorgan Chase (JPM) at 1.82% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

GS

Financial Services industry group

2.07%

Max
9.77%
Q3
3.92%
GS
2.07%
Median
1.09%
Q1
0.00%
Min
0.00%

JPM

Banks industry group

1.82%

Max
5.79%
Q3
3.18%
Median
2.39%
JPM
1.82%
Q1
1.20%
Min
0.00%
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their dividend yield against their respective Financial Services and Banks industry group benchmarks.

Dividend Payout Ratio (TTM)

Both Goldman Sachs (GS) at 25.88% and JPMorgan Chase (JPM) at 25.80% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

GS

Financial Services industry group

25.88%

Max
241.07%
Q3
97.36%
GS
25.88%
Median
25.77%
Q1
0.00%
Min
0.00%

JPM

Banks industry group

25.80%

Max
70.75%
Q3
41.28%
Median
29.26%
JPM
25.80%
Q1
18.98%
Min
0.00%
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their payout ratio against their respective Financial Services and Banks industry group benchmarks.

Dividend Metrics

Dividend metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
Dividend Yield (TTM)2.07%1.82%
Dividend Payout Ratio (TTM)25.88%25.80%

Valuation

P/E Ratio (TTM)

Goldman Sachs (GS) at 12.45 is near its industry’s usual P/E ratio, while JPMorgan Chase (JPM) at 14.03 sits in the richer quartile — JPM needs stronger growth or earnings quality to justify the premium.

GS

Financial Services industry group

12.45

Max
45.85
Q3
24.64
Median
15.37
GS
12.45
Q1
9.68
Min
0.16

JPM

Banks industry group

14.03

Max
18.16
JPM
14.03
Q3
13.75
Median
11.81
Q1
10.64
Min
6.49
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their P/E ratio against their respective Financial Services and Banks industry group benchmarks.

P/S Ratio (TTM)

Goldman Sachs (GS) shows P/S ratio of 3.52; for JPMorgan Chase (JPM) the multiple is skipped — in Banks, income is dominated by interest spread rather than a conventional revenue line, so pricing per dollar of sales loses meaning and book- or earnings-based multiples carry the comparison.

GS

Financial Services industry group

3.52

Max
9.23
Q3
4.57
GS
3.52
Median
2.72
Q1
1.28
Min
-0.55

JPM

Banks industry group

--

JPM
--
Max
--
Q3
--
Median
--
Q1
--
Min
--
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): JPM’s P/S ratio is not assessed under the Banks industry convention, so the chart shows available visual context for GS only.

P/B Ratio (MRQ)

Goldman Sachs (GS) at 2.36 sits near its industry’s typical P/B ratio, while JPMorgan Chase (JPM) at 2.53 prices above its benchmark range — JPM looks rich relative to book.

GS

Financial Services industry group

2.36

Max
7.79
Q3
3.63
GS
2.36
Median
1.57
Q1
0.81
Min
-0.39

JPM

Banks industry group

2.53

JPM
2.53
Max
2.28
Q3
1.58
Median
1.32
Q1
1.10
Min
0.59
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Goldman Sachs (GS) vs. JPMorgan Chase (JPM): A comparison of their P/B ratio against their respective Financial Services and Banks industry group benchmarks.

Valuation Metrics

Valuation metrics for Goldman Sachs (GS) and JPMorgan Chase (JPM)
MetricGSJPM
P/E Ratio (TTM)12.4514.03
P/S Ratio (TTM)3.52--
P/B Ratio (MRQ)2.362.53
Free Cash Flow Yield (TTM)----