GS
The Goldman Sachs Group, Inc.
GS has a slight edge over WFC overall, supported by stronger fundamentals.
WFC
Wells Fargo & Company
WFC offers stronger modeled upside, 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.
WFC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
WFC'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 WFC.
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.
WFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $73.84 | -14% |
| Forward | 11x | $85.76 | — |
| Fair | 12x | $87.32 | +1.8% |
| Current | 12x | $85.76 | — |
| Expensive | 15x | $108 | +26% |
Historical ranges are pointers, not guarantees.
WFC 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.
WFC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
WFC has the edge over GS on the outlook, with more favorable valuation expectations.
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 WFC on earnings, with stronger typical year-over-year growth.
WFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.81 | +10% |
| Q3 2026 | $7.08 | +17% |
| Q2 2026 | $6.87 | +18% |
| Q1 2026 | $6.47 | +16% |
| Q4 2025 | $6.26 | +17% |
| Q3 2025 | $6.07 | +26% |
| Q2 2025 | $5.83 | +19% |
| Q1 2025 | $5.56 | +16% |
| Q4 2024 | $5.37 | +11% |
WFC's earnings per share have climbed steadily: $7.08 over the past year, up 17% from the year before, and higher year over year for 13 quarters in a row.
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 has the edge over WFC on sales, with more consistent year-over-year improvement.
| 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 WFC on profitability, with a higher operating margin.
WFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $21.9B | +2% |
| Q2 2026 | $22.6B | +8.6% |
| Q1 2026 | $21.4B | +6.4% |
| Q4 2025 | $21.3B | +4.5% |
| Q3 2025 | $21.4B | +5.3% |
| Q2 2025 | $20.8B | +0.6% |
| Q1 2025 | $20.1B | -3.4% |
| Q4 2024 | $20.4B | -0.5% |
WFC's revenue has grown year over year for six quarters in a row: $21.9B last quarter, up 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | +0.2 points |
| Q2 2026 | 36% | +4.6 points |
| Q1 2026 | 28% | +1.5 points |
| Q4 2025 | 31% | +4.2 points |
| Q3 2025 | 32% | +1.6 points |
| Q2 2025 | 31% | +1.2 points |
| Q1 2025 | 26% | -0.4 points |
| Q4 2024 | 26% | +9.8 points |
WFC's operating margin was 32% last quarter, about level with the same quarter a year ago.
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.
WFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.9B | +$9.7B |
| Q2 2026 | $6.8B | +$18B |
| Q1 2026 | $9.1B | +$20.2B |
| Q4 2025 | $4.1B | -54% |
| Q3 2025 | -$869M | -121% |
| Q2 2025 | -$11.2B | -647% |
| Q1 2025 | -$11B | +$1.1B |
| Q4 2024 | $8.9B | -51% |
WFC 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.
WFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -23.1M shares |
| 1 year | -5.3% | -172M shares |
| 3 years | -17% | -629M shares |
| 5 years | -25% | -1B shares |
| Available history | -31% | -1.4B shares |
WFC has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.5B |
| Q2 2026 | $3B |
| Q1 2026 | $4B |
| Q4 2025 | $5B |
| Q3 2025 | $6B |
| Q2 2025 | $3B |
| Q1 2025 | $3.5B |
| Q4 2024 | $4B |
WFC spent $14.5B buying back its own shares over the past year, down 12% 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 WFC on leverage, with a lower net debt burden relative to earnings.
WFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.1x | High |
| Q2 2026 | 4.7x | High |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 4.7x | High |
| Q3 2025 | 11.8x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 9.1x | High |
| Q4 2024 | 7.9x | High |
WFC's net debt is about 5.1 years of its operating earnings (EBITDA), down from 12 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WFC.
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).
WFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 45.5 | Neutral |
WFC's weekly RSI is 53 (neutral) and its Stochastic is 46 (neutral).
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.
WFC PE vs Financial Services Sector
| Metric | WFC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7% below |
| PE % | 46 | 63 | 17 pts below |
WFC 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's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
WFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.3 | 3% above |
| 20 week MA | $85.6 | 0.2% above |
| 50 week MA | $84.9 | 1.1% above |
| 100 week MA | $81.0 | 5.9% above |
| 200 week MA | $65.9 | 30% above |
WFC has the edge over GS on trend strength, trading above more of its moving averages.
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 WFC on returns for 2026, with the stronger performance.
WFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.9 | $29.8 | -45% |
| 2021 | $29.8 | $48.4 | +62% |
| 2022 | $48.4 | $41.0 | -15% |
| 2023 | $41.0 | $49.2 | +20% |
| 2024 | $49.2 | $71.1 | +44% |
| 2025 | $71.1 | $95.3 | +34% |
| 2026 YTD | $95.3 | $85.8 | -10% |
WFC has finished higher in four of the last six years. It's down 10% so far in 2026.