AMP
Ameriprise Financial, Inc.
AMP has a slight edge over GS overall, supported by stronger valuation and stronger modeled upside.
GS
The Goldman Sachs Group, Inc.
GS offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AMP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
AMP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AMP.
GS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.
AMP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $460 | -10% |
| Forward | 10x | $513 | — |
| Current | 12x | $513 | — |
| Fair | 14x | $624 | +22% |
| Expensive | 17x | $770 | +50% |
Historical ranges are pointers, not guarantees.
AMP's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
GS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $528 | -42% |
| Current | 13x | $914 | — |
| Forward | 13x | $914 | — |
| Fair | 14x | $940 | +2.9% |
| Expensive | 17x | $1,214 | +33% |
Historical ranges are pointers, not guarantees.
GS has the edge over AMP in the historical PE scenario, which offers more potential upside but is not a forecast.
AMP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
AMP has the edge over GS on the outlook, with more favorable valuation expectations.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for GS, with profitability improving. However, they disagree widely on these estimates.
AMP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $50.19 | +13% |
| Q3 2026 | $44.37 | +22% |
| Q2 2026 | $41.38 | +29% |
| Q1 2026 | $40.13 | +36% |
| Q4 2025 | $36.28 | +9.8% |
| Q3 2025 | $36.46 | +40% |
| Q2 2025 | $32.13 | +10% |
| Q1 2025 | $29.42 | +0.1% |
| Q4 2024 | $33.05 | +39% |
AMP's earnings per share have climbed steadily: $44.37 over the past year, up 22% from the year before, and higher year over year for 13 quarters in a row.
GS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $72.35 | +4% |
| Q3 2026 | $69.58 | +41% |
| Q2 2026 | $64.82 | +43% |
| Q1 2026 | $54.75 | +27% |
| Q4 2025 | $51.32 | +27% |
| Q3 2025 | $49.22 | +44% |
| Q2 2025 | $45.37 | +45% |
| Q1 2025 | $43.08 | +68% |
| Q4 2024 | $40.54 | +77% |
GS has the edge over AMP on earnings, with stronger typical year-over-year growth.
AMP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.1B | +6.8% |
| Q2 2026 | $4.9B | +13% |
| Q1 2026 | $4.8B | +11% |
| Q4 2025 | $5B | +10% |
| Q3 2025 | $4.8B | +9% |
| Q2 2025 | $4.4B | +3.7% |
| Q1 2025 | $4.4B | +5% |
| Q4 2024 | $4.5B | +13% |
AMP's revenue has grown year over year for 15 quarters in a row: $5.1B last quarter, up 6.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +3.4 points |
| Q2 2026 | 29% | -1.7 points |
| Q1 2026 | 24% | +8 points |
| Q4 2025 | 26% | -4 points |
| Q3 2025 | 25% | +9.8 points |
| Q2 2025 | 31% | +6 points |
| Q1 2025 | 16% | -14 points |
| Q4 2024 | 30% | +18 points |
AMP's operating margin was 28% last quarter, up 3.4 points from the same quarter a year ago.
GS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18.7B | +23% |
| Q2 2026 | $20.3B | +39% |
| Q1 2026 | $17.2B | +14% |
| Q4 2025 | $13.5B | -3% |
| Q3 2025 | $15.2B | +20% |
| Q2 2025 | $14.6B | +15% |
| Q1 2025 | $15.1B | +6% |
| Q4 2024 | $13.9B | +23% |
GS's revenue is growing: $18.7B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +2 points |
| Q2 2026 | 42% | +8.1 points |
| Q1 2026 | 38% | +0.2 points |
| Q4 2025 | 44% | +5.6 points |
| Q3 2025 | 36% | +4.1 points |
| Q2 2025 | 34% | +3.2 points |
| Q1 2025 | 37% | +0.6 points |
| Q4 2024 | 38% | +18 points |
GS has the edge over AMP on profitability, with a higher operating margin.
AMP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | -34% |
| Q2 2026 | $2.8B | +65% |
| Q1 2026 | $430M | -74% |
| Q4 2025 | $2.6B | +708% |
| Q3 2025 | $2.2B | -28% |
| Q2 2025 | $1.7B | +1.4% |
| Q1 2025 | $1.7B | +19% |
| Q4 2024 | $325M | -84% |
AMP has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
GS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +72% |
| Q2 2026 | $5.6B | +7.8% |
| Q1 2026 | -$32.4B | +$5.3B |
| Q4 2025 | -$16.8B | -136% |
| Q3 2025 | $2.1B | +$40.6B |
| Q2 2025 | $5.2B | -6.8% |
| Q1 2025 | -$37.7B | -$9.2B |
| Q4 2024 | $46.2B | +$75.1B |
GS's free cash flow was −$40B over the past year, against $15.8B the year before. Free cash flow isn't a meaningful measure for financial services companies like GS.
AMP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -1.5M shares |
| 1 year | -6.5% | -6.4M shares |
| 3 years | -15% | -15.7M shares |
| 5 years | -23% | -27.8M shares |
| Available history | -30% | -39.9M shares |
AMP has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $915M |
| Q2 2026 | $779M |
| Q1 2026 | $874M |
| Q4 2025 | $895M |
| Q3 2025 | $701M |
| Q2 2025 | $581M |
| Q1 2025 | $730M |
| Q4 2024 | $665M |
AMP spent $3.5B buying back its own shares over the past year, up 29% from the year before.
GS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.8M shares |
| 1 year | -4.4% | -13.9M shares |
| 3 years | -12% | -42.8M shares |
| 5 years | -15% | -52.8M shares |
| Available history | -20% | -74.4M shares |
GS has 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $5B |
| Q4 2025 | $3B |
| Q3 2025 | $2B |
| Q2 2025 | $3B |
| Q1 2025 | $4.4B |
| Q4 2024 | $2B |
GS spent $15B buying back its own shares over the past year, up 32% from the year before.
AMP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -2.4x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.3x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -2.1x | Net Cash |
AMP has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like AMP.
GS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.4x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -3.1x | Net Cash |
| Q1 2025 | -3.9x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
GS has the edge over AMP on leverage, with a lower net debt burden relative to earnings.
AMP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.5 | Neutral |
| Stochastic | 25.4 | Neutral |
AMP's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
GS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 16.3 | Oversold |
GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).
AMP PE vs Financial Services Sector
| Metric | AMP | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 11% below |
| PE % | 21 | 63 | 42 pts below |
AMP has the edge over GS on valuation relative to its sector.
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
AMP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $497.9 | 3.1% above |
| 20 week MA | $524.0 | 2% below |
| 50 week MA | $493.1 | 4.1% above |
| 100 week MA | $498.0 | 3.1% above |
| 200 week MA | $443.4 | 16% above |
AMP has the edge over GS on trend strength, trading above more of its moving averages.
GS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $895.5 | 2% above |
| 20 week MA | $977.4 | 6.5% below |
| 50 week MA | $945.4 | 3.4% below |
| 100 week MA | $804.5 | 14% above |
| 200 week MA | $602.7 | 52% above |
GS's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
AMP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $166.7 | $189.7 | +14% |
| 2021 | $189.7 | $302.3 | +59% |
| 2022 | $302.3 | $308.3 | +2% |
| 2023 | $308.3 | $379.8 | +23% |
| 2024 | $379.8 | $536.0 | +41% |
| 2025 | $536.0 | $501.8 | -6.4% |
| 2026 YTD | $501.8 | $513.5 | +2.3% |
AMP has the edge over GS on returns for 2026, with the stronger performance.
GS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $230.7 | $256.2 | +11% |
| 2021 | $256.2 | $385.0 | +50% |
| 2022 | $385.0 | $345.5 | -10% |
| 2023 | $345.5 | $385.8 | +12% |
| 2024 | $385.8 | $576.2 | +49% |
| 2025 | $576.2 | $907.0 | +57% |
| 2026 YTD | $907.0 | $913.6 | +0.7% |
GS has finished higher in five of the last six years, two of them by more than 50%. It's up 0.7% so far in 2026.