GS
The Goldman Sachs Group, Inc.
GS has the edge over TBBK overall, supported by stronger fundamentals and lower modeled downside.
TBBK
The Bancorp, Inc.
TBBK offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
TBBK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TBBK's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TBBK.
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's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.
TBBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7x | $48.40 | — |
| Current | 8.5x | $48.40 | — |
| Cheap | 10x | $59.07 | +22% |
| Fair | 13x | $71.22 | +47% |
| Expensive | 15x | $83.37 | +72% |
Historical ranges are pointers, not guarantees.
TBBK has the edge over GS in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
TBBK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect TBBK's earnings to grow and its profitability to improve, with its revenue holding steady.
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 TBBK on earnings, with stronger typical year-over-year growth.
TBBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.88 | +21% |
| Q3 2026 | $5.67 | +19% |
| Q2 2026 | $5.32 | +15% |
| Q1 2026 | $5.14 | +16% |
| Q4 2025 | $4.92 | +15% |
| Q3 2025 | $4.78 | +21% |
| Q2 2025 | $4.64 | +21% |
| Q1 2025 | $4.42 | +20% |
| Q4 2024 | $4.29 | +23% |
TBBK's earnings per share have climbed steadily: $5.67 over the past year, up 19% from the year before, and higher year over year every quarter since late 2020.
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's operating margin was 37% last quarter, up 2 points from the same quarter a year ago.
TBBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $175.9M | +0.7% |
| Q2 2026 | $163.5M | -9.8% |
| Q1 2026 | $161.3M | -8% |
| Q4 2025 | $172.6M | +8.2% |
| Q3 2025 | $174.6M | +39% |
| Q2 2025 | $181.2M | +46% |
| Q1 2025 | $175.4M | +42% |
| Q4 2024 | $159.6M | +34% |
TBBK's revenue has held roughly level: $176M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 41% | -1.1 points |
| Q2 2026 | 50% | +5.5 points |
| Q1 2026 | 49% | +5.9 points |
| Q4 2025 | 43% | -4.4 points |
| Q3 2025 | 42% | -13 points |
| Q2 2025 | 44% | -14 points |
| Q1 2025 | 43% | -18 points |
| Q4 2024 | 48% | -1.9 points |
TBBK has the edge over GS on profitability, with a higher operating margin.
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.
TBBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $24.4M | -69% |
| Q2 2026 | $34.4M | -60% |
| Q1 2026 | $84.8M | -36% |
| Q4 2025 | -$36.8M | -144% |
| Q3 2025 | $77.6M | +55% |
| Q2 2025 | $85.4M | +460% |
| Q1 2025 | $131.7M | +79% |
| Q4 2024 | $83.7M | +37% |
TBBK has the edge over GS on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
TBBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -645K shares |
| 1 year | -12% | -5.4M shares |
| 3 years | -25% | -13.6M shares |
| 5 years | -30% | -17.5M shares |
| Available history | -28% | -16.2M shares |
TBBK has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50.5M |
| Q2 2026 | $50.5M |
| Q1 2026 | $50.3M |
| Q4 2025 | $151.5M |
| Q3 2025 | $151.3M |
| Q2 2025 | $37.9M |
| Q1 2025 | $37.7M |
| Q4 2024 | $50.5M |
TBBK spent $303M buying back its own shares over the past year, up 9.2% from the year before.
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 TBBK on leverage, with a lower net debt burden relative to earnings.
TBBK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.9x | Elevated |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -3.1x | Net Cash |
| Q4 2024 | -1.9x | Net Cash |
TBBK's net debt is about 3.9 years of its operating earnings (EBITDA), up from 1.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like TBBK.
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).
TBBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.9 | Neutral |
| Stochastic | 8.3 | Oversold |
TBBK's weekly RSI is 37 (neutral) and its Stochastic is 8 (oversold).
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.
TBBK PE vs Financial Services Sector
| Metric | TBBK | Sector median | Relative |
|---|---|---|---|
| PE | 8.5x | 13x | 34% below |
| PE % | 3 | 63 | 60 pts below |
TBBK has the edge over GS on valuation relative to its sector.
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 has the edge over TBBK on trend strength, trading above more of its moving averages.
TBBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.9 | 1.1% below |
| 20 week MA | $58.2 | 17% below |
| 50 week MA | $59.2 | 18% below |
| 100 week MA | $59.5 | 19% below |
| 200 week MA | $49.3 | 1.8% below |
TBBK is in a downtrend: it's below all five of its weekly moving averages, and 1.8% below its 200-week average.
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 the edge over TBBK on returns for 2026, with the stronger performance.
TBBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.9 | $13.5 | +4.6% |
| 2021 | $13.5 | $24.8 | +85% |
| 2022 | $24.8 | $29.0 | +17% |
| 2023 | $29.0 | $38.6 | +33% |
| 2024 | $38.6 | $53.6 | +39% |
| 2025 | $53.6 | $69.9 | +30% |
| 2026 YTD | $69.9 | $48.4 | -31% |
TBBK has finished every year since 2020 higher, and it's down 31% so far in 2026.