Each company has a different approach and business model. While Goldman Sachs generates most of its revenue from investment banking, Morgan Stanley is less reliant on investment banking and has a more diverse revenue stream. Its largest revenue generator is its Wealth Management business.
JPMorgan Chase & Co. main competitors are Silicon Valley Bank, Goldman Sachs, and Morgan Stanley.
Goldman Sachs outperforms Morgan Stanley in investment banking and asset management segments, driven by higher investment banking fees, revenue growth, and assets under management, despite Morgan Stanley's better financial ratios.
The Momentum Grade Winner: Morgan Stanley
As you can clearly see from the Momentum Grade breakdown above, Morgan Stanley is considered to have stronger momentum compared to The Charles Schwab Corporation.
JP Morgan stands at the pinnacle of the investment banking world, consistently ranking as the top global investment bank and is the largest bank within the United States.
The main competitors of Morgan Stanley include The Goldman Sachs Group (GS), Charles Schwab (SCHW), Raymond James (RJF), LPL Financial (LPLA), Stifel Financial (SF), Evercore (EVR), Lazard (LAZ), Piper Sandler Companies (PIPR), BGC Group (BGC), and Oppenheimer (OPY).
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank.
J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.
Morgan Stanley Wealth Management Awards and Recognition
In 2023, Forbes ranked 13 Morgan Stanley financial advisors best-in-state. Twenty financial advisors from the firm were also ranked in Forbes' Top Women Wealth Advisors. And 14 Morgan Stanley advisors were ranked #1 in their state by Barron's.
Goldman Sachs is often cited as the hardest investment bank to get into, due to its prestigious reputation, highly competitive hiring process, and rigorous standards for candidates in terms of experience, education, and skills.
Morgan Stanley is a global leader in executing transactions in cash equity-related products for institutional clients around the world. These products include common stocks, global depository receipts and exchange-traded funds.
Morgan Stanley has world-class technology and tools Morgan Stanley employs over 15,000 technologists worldwide and continues to invest in new ideas. They are on the cutting edge of AI and machine learning, data analytics and mobile technologies.
Although both companies are very large, JPMorgan is significantly larger than Morgan Stanley. With a market cap of $569 billion, JPMorgan Chase is the world's largest bank by market cap and ranked 13th among all companies globally.
1. JPMorgan Chase Bank — $3.58 trillion. New York, NY-based JPMorgan Chase is the largest US bank with total assets of $3.58 trillion. Domestic assets of $2.67 trillion account for 74% of its total assets.
Ownership. Morgan Stanley is mainly owned by institutional investors, who own around 60% of shares.
We begin with Disney, in 2023 one hundred years old. At $180 billion, it is the largest entertainment corporation in the world and its auditor, Price Waterhouse Coopers (PwC) is one of the Big 4 global accountant partnerships.
In terms of valuation, Goldman holds a notable advantage over Morgan Stanley, with a significant gap between the two. Goldman's trailing 12-month price-to-tangible book (P/TBV) ratio is 1.76, making its shares more attractive to Morgan Stanley's 2.87.
Mike Wilson, Morgan Stanley (MS) chief US equity strategist, says this is still a stock picker's market. He is on "Bloomberg Open Interest."
Morgan Stanley
A giant on Wall Street and one of the world's most respected investment banks, Morgan Stanley is ranked as the fifth most prestigious bank by Vault. The firm has more than 80,000 employees working across three core divisions: wealth management, investment management, and institutional securities.
Summary. Morgan Stanley ranks 67th in the Financial System Benchmark. It is the ninth highest-ranking financial institution in the benchmark in Northern America. In comparison to other banks, it ranks 38th out of 155 assessed financial institutions.
Morgan Stanley Bank offers double the FDIC insurance amount of up to $500,000, along with free wire transfers, which makes it an attractive choice for existing Morgan Stanley investment and/or wealth management customers. However, its savings account might appeal to anyone looking for competitive rates.