GS vs JPM
Goldman Sachs Group Inc. (The) Common Stock vs JP Morgan Chase & Co. Common Stock. Scores ACCE, valorisation, rentabilité et croissance côte à côte.
$JPM vs $GS: Edge to JPM
$GS puts up the flashier growth numbers: revenue up 42.5% year-over-year and earnings up 92.3%, versus $JPM's 30.4% and 46.9% respectively. That gap is real. But growth alone doesn't settle this.
$JPM wins on quality. Its ROE of 17.8% beats $GS's 16.9%, its net margin of 34.9% is nearly four points wider than Goldman's 31.0%, and its debt-to-equity of 1.38 is dramatically lower than $GS's 3.07. For a bank, leverage matters, and Goldman is carrying more than twice the balance-sheet risk. $JPM's ACCE quality score of 81 versus $GS's 72 reflects exactly that.
Valuation is a wash. Both trade at forward P/Es around 14x, and both sit above their 6-model fair values ($JPM at -21.3%, $GS at -25.8%), so neither is cheap. Goldman's slightly higher dividend yield of 1.9% versus 1.7% is a minor consolation.
Winner: $JPM. Goldman's growth surge is impressive, but JPM's superior margins, stronger ROE, and far lower leverage make it the more durable holding at comparable valuations.