Goldman Sachs Group Inc
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Financials : Capital Markets | Large Cap Value
Company profile

The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a diversified client base that includes corporations, financial institutions, governments, and individuals. It operates through three segments: Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across various asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. Platform Solutions include consumer platforms, such as partnerships offering credit cards and point-of-sale financing, transaction banking and other platform businesses.

Day's Change
-1.72 (-0.53%)
B/A Size
Day's High
Day's Low

Today's volume of 223,272 shares is on pace to be much lighter than GS's 10-day average volume of 1,755,526 shares.


Morgan Stanley's stock has underperformed the market since James Gorman became CEO in 2010

10:42 am ET May 19, 2023 (MarketWatch)

By Tomi Kilgore

Morgan Stanley's stock has more than tripled in value since Gorman took over in January 2010, while the S&P 500 has nearly quadrupled

Shares of Morgan Stanley took a hit Friday, but perhaps shareholders shouldn't be too concerned over news of the planned departure of the investment bank's longtime chief executive, James Gorman.

At Morgan Stanley's annual general shareholder meeting on Friday, Gorman said he planned to step down sometime in the next 12 months, in the absence of a major change in the macroeconomic environment. That sent the stock (MS) down 0.6% in morning trading to buck a rally in the financial sector and the broader stock market.

Gorman became CEO of Morgan Stanley in January 2010, at the end of the 2008-09 financial crisis.

The stock has run up 215.5% since the end of January 2010, when it closed at $26.78, through Thursday's closing price of $84.49.

That outperformed the 184.5% gain for the Financial Select Sector SPDR exchange-traded fund (XLF) over the same time but underperformed the S&P 500's rally of 290.9%.

The stock also underperformed shares of JPMorgan Chase & Co. (JPM), which have climbed 258.2% during that time. Jaime Dimon has been CEO of JPMorgan Chase since Jan. 1, 2006. Since the end of 2005, JPMorgan's stock has gone up 251.5% with Dimon as CEO, while Morgan Stanley's stock has advanced 79.4% and the S&P 500 has climbed 236.3%.

During Gorman's tenure, Morgan Stanley has outperformed Goldman Sachs Group Inc. (GS), with Goldman's stock gaining 121.6% since the end of January 2010.

And since the end of October 2018, when current Goldman CEO David Solomon took the reins, Morgan Stanley's stock has run up 85%, while Goldman shares have gained 46.2%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 19, 2023 10:42 ET (14:42 GMT)

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