Goldman Sachs is a large financial services company that provides a wide range of services to a variety of clients. Some of the services that Goldman Sachs provides include investment banking, securities underwriting, consumer banking, asset management, and securities investment management.

Goldman Sachs is a publicly traded company with David M. Solomon as CEO. ..

Goldman Sachs is one of the oldest and most successful investment banks in the world. It has been able to stay on top of its competition by being innovative and always looking for new ways to improve its services. ..

The main competitors of Goldman Sachs are financial service providers like Edmond de Rothschild, Edward Jones, Bank of New York Mellon Corporation, Raymond James, Charles Schwab, Merrill Lynch, JP Morgan Chase, Morgan Stanley, and UBS. ..

Who are the Competitors? 

JPMorgan Chase & Co is one of the largest banks in America with total assets worth over $3 trillion. In 2020, their capitalization was 387.5 billion USD. ..

JPMorgan Chase reported total revenue of 119.54 billion USD in 2017. The bank plans to donate 1.75 billion USD in philanthropic capital by 2023. ..

Morgan Stanley is a financial services company that provides services to a variety of clients, including financial institutions, governments, corporations, and individuals. ..

Morgan Stanley has acquired 59.8 billion USD in the year 2021. This corporation functions in three portions: Institutional Securities, Wealth Management, and Investment Management.

Their obtained Net income is about $15.1 billion USD. The increase in total assets is around $1.1 trillion USD. Morgan Stanley recruits more than 75,000 people.

Edward D. Jones & Co. is a partnership company that has expertise in commission-based and fee-based financial products. The company’s products are designed to help people save money and grow their businesses.

Edward Jones Investments has earned a total of 10.165 billion USD in 2020, with their net income amounting to 1.285 billion USD. Their assets under management were valued at 1.714 trillion USD as of 2021. The key person behind Edward Jones Investments is Penny Pattingson.

Bank of America is an American public company that specializes in financial and investment services. It is headquartered in North Carolina. BOA has yielded a sizable market since 1954.

The substantial growth in Revenue is 89.11 billion USD, and Net Income was 30.56 billion USD in 2021. BOA employs more than 200,000 people. BofA is owned by Berkshire Hathaway.

Bank of America Merrill Lynch is a division of Bank of America. It supplies Wealth Management and Investment Management services. The total Assets Under Management were over 2.75 trillion USD as of September 30, 2017.

Net income was $6.03 billion in 2013. The total number of financial advisors was more than 30,000 at the time of the merger into Bank of America. ..

Charles Schwab is a multinational company that offers an electronic trading platform for financial assets, as well as financial services including investment portfolios, exchange-traded funds, forex, and many more. ..

In 2021, the Revenue earned was 18.52 billion USD. The estimated Net Income was 5.36 billion USD. AUM was approximately 8.14 trillion USD. Estimated Total Assets were 667.27 billion USD ..

In 1962, Robert James founded Raymond James Financial, Inc. which has been in business for 60 years. The company is headquartered in Tampa, Florida.

The company mainly focuses on retail banking, commercial banking, and insurance investment services to municipalities, individuals, and corporations. The estimated revenue was 2.78 billion USD in 2021.

The net income in 2021 was 446 million USD.

Lazard Ltd is the world’s largest independent investment bank. It provides a range of financial services, including asset management, investment banking, and other financial services. ..

The company, founded in 1848, reported a revenue of 3.19 billion USD in 2018. The estimated net income for 2021 is 528.06 billion USD. The company’s total assets and equity decreased to 985.08 million USD and 975.22 million USD respectively in the same year. ..

Blackstone, Inc. is an alternative investment company from New York that specializes in leveraged buyouts. It was founded in 1985 and provides financial services to businesses and investors. ..

The company’s total revenue was approximately 22.577 billion USD in 2021. The AUM was estimated at 880.9 billion USD in 2021. The total assets evaluated were around 41.196 billion USD. ..

Conclusion

Goldman Sachs has announced that it will become the new official sponsor of McLaren Formula 1 team from 2022 onwards. This move is likely to increase the team’s budget and improve their performance. ..

Goldman Sachs is investing in the cryptocurrency market because it believes that this will help them diversify their product range and stand in the ambitious market. Goldman Sachs invests only in a few select companies, so it’s the largest bank in the world.

Goldman Sachs is a well-known financial services company that has a lot of investments and opportunities in the financial markets. This will make their competitors grow in the coming years.

Morgan Stanley and Merrill are the top two competitors of Goldman Sachs.

Goldman Sachs has a high Employees Turnover Ratio, which can hurt the company’s image. They also spend a lot of their resources on training and development, which may not be enough to keep employees around for very long.

Goldman Sachs has been in the mainstream media for a long time due to its legal aspects. They have been involved in some high-profile lawsuits, but they have also had some less-known cases that have cost them more money and taken longer to resolve.