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GS vs RJF
Which Stock Would AI Choose? Goldman Sachs (GS) vs. Raymond James Financial (RJF) Stock Comparison
Key Takeaways
- Goldman Sachs (GS) is a much larger, global investment-banking and trading franchise, while Raymond James (RJF) is a diversified wealth-management and advisory firm with a materially smaller market capitalization.
- Both companies have posted strong earnings growth in recent quarters, but their revenue mixes differ sharply: GS leans on capital-markets and deal activity, whereas RJF is anchored by recurring, fee-based wealth-management revenue.
- GS shares have pulled back noticeably from their 52-week high amid softer fixed-income trading and a slower deal environment, while RJF has shown steadier, lower-volatility behavior.
- RJF trades at a lower forward price-to-earnings (P/E) multiple and carries a lower beta, reflecting its more stable, asset-gathering-driven business model.
- Investor sentiment around GS remains tied to investment-banking and trading cycles, while RJF's outlook hinges on advisor recruiting, client asset growth, and acquisitions.
Introduction
Investors weighing the financial-services sector often face a choice between a large, institutional "bulge-bracket" name and a diversified wealth manager with a steadier growth profile. This stock comparison examines GS (Goldman Sachs) and RJF (Raymond James Financial), two companies that operate in overlapping areas — capital markets, advisory, and asset management — yet serve very different client bases. The relative performance of these two names can reveal how market participants are positioning for capital-markets activity versus recurring wealth-management flows. The comparison is relevant to traders seeking momentum, as well as longer-term investors evaluating market positioning, valuation, and risk across two distinct business models.
GS Overview and Recent Performance
The Goldman Sachs Group is a global financial institution spanning investment banking, trading, and asset and wealth management. In recent quarters, the company has reported strong earnings, with its Global Banking & Markets and Asset & Wealth Management segments driving results. Its first-quarter 2026 diluted earnings per share (EPS) came in above consensus estimates, and revenue grew at a double-digit year-over-year rate, aided by robust equities trading and higher investment-banking fees.
Despite this fundamental strength, GS shares have experienced a meaningful pullback in recent weeks, retreating from their 52-week high and underperforming parts of the broader financial sector. Sentiment has been pressured by softer fixed income, currencies, and commodities (FICC) trading activity, a slowdown in global mergers and acquisitions (M&A) volumes, and concerns about near-term deal-making momentum. Management has continued to emphasize disciplined risk management, and the company has expanded its wealth and asset-management capabilities through targeted acquisitions while raising its quarterly dividend.
RJF Overview and Recent Performance
Raymond James Financial is a diversified financial-services firm whose largest segment, the Private Client Group, provides wealth-management, brokerage, and advisory services through a large network of financial advisors. The company also operates capital-markets, asset-management, and banking businesses. In its most recent fiscal quarter, RJF reported record net revenues with double-digit year-over-year growth, supported by higher asset-management fees, strong client asset levels, and continued net new asset inflows.
The firm's client assets under administration reached record levels, and advisor recruiting and retention have remained robust. Raymond James has also expanded through acquisitions — most notably its recent Clark Capital transaction, which added meaningful assets under management — while maintaining consistent capital returns through dividends and share repurchases. Relative to GS, RJF shares have shown lower volatility in recent market activity, reflecting a revenue base that is more heavily weighted toward recurring fees rather than transaction-driven trading and deal activity.
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Head-to-Head Comparison
The most fundamental contrast between these two companies is their business-model mix. GS is a capital-markets-heavy franchise whose results are sensitive to trading volumes, volatility, and M&A activity. RJF, by contrast, derives the majority of its revenue from wealth management and fee-based advisory relationships, producing a steadier earnings stream.
This divergence shows up in their risk profiles. GS carries a higher beta, meaning its shares tend to move more than the broader market, while RJF's beta is closer to market average. Valuation also differs: RJF trades at a lower forward P/E multiple, which partly reflects its slower-growth, lower-volatility profile, whereas GS's premium multiple incorporates higher cyclical earnings power.
Recent momentum has favored neither name decisively, but the drivers are telling. GS has been pressured by cooling FICC trading and a slower deal pipeline, even as equities trading and asset-management growth remain solid. RJF has been supported by record client assets and strong advisor recruiting, though its capital-markets segment still faces a softer transaction backdrop. For growth catalysts, GS looks to investment-banking recovery and asset-management expansion; RJF looks to asset gathering, advisor headcount, and bolt-on acquisitions.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would likely lean toward RJF on the basis of trend consistency and stability. Raymond James' lower beta, recurring fee-based revenue, record client assets, and steadier price behavior align more closely with a stable-trend profile, whereas GS currently faces greater near-term uncertainty tied to FICC softness and slowing deal activity. That said, GS offers a stronger cyclical catalyst profile — a recovery in investment banking and trading could translate into outsized earnings leverage, which momentum-oriented strategies may favor. The verdict is therefore probabilistic rather than definitive: a stability-weighted AI model would tend to favor RJF in the current environment, while a catalyst- and volatility-weighted model might still find GS more compelling.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is GS is a Hold and RJF is a Hold.
GS in -1.70% downward trend, declining for three consecutive days on October 14, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GS declined for three days, in 157 of 282 cases, the price declined further within the following month. The odds of a continued downward trend are 56%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Aroon Indicator for GS entered a downward trend on October 16, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GS's RSI Oscillator exited the oversold zone, 20 of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 41 of 54 cases where GS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.
The Moving Average Convergence Divergence (MACD) for GS just turned positive on October 12, 2026. Looking at past instances where GS's MACD turned positive, the stock continued to rise in 34 of 47 cases over the following month. The odds of a continued upward trend are 72%.
GS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 4 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 20 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating steady price growth. GS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 64 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 71 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.432) is normal, around the industry mean (4.320). P/E Ratio (14.149) is within average values for comparable stocks, (30.932). Projected Growth (PEG Ratio) (1.133) is also within normal values, averaging (0.809). Dividend Yield (0.020) settles around the average of (0.016) among similar stocks. P/S Ratio (4.394) is also within normal values, averaging (16.763).
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
RJF's RSI Indicator ascends from oversold territory
The RSI Indicator for RJF moved out of oversold territory on October 01, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In 21 of the 29 cases the stock moved higher. This puts the odds of a move higher at 72%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 36 of 55 cases where RJF's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.
The Moving Average Convergence Divergence (MACD) for RJF just turned positive on October 06, 2026. Looking at past instances where RJF's MACD turned positive, the stock continued to rise in 27 of 47 cases over the following month. The odds of a continued upward trend are 57%.
Following a +0.39% 3-day Advance, the price is estimated to grow further. Considering data from situations where RJF advanced for three days, in 210 of 355 cases, the price rose further within the following month. The odds of a continued upward trend are 59%.
RJF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 09, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on RJF as a result. In 44 of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 57%.
RJF moved below its 50-day moving average on September 10, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RJF crossed bearishly below the 50-day moving average on September 16, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 57%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RJF declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 57%.
The Aroon Indicator for RJF entered a downward trend on October 16, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 9 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 28 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating steady price growth. RJF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 62 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 70 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.441) is normal, around the industry mean (3.246). P/E Ratio (14.051) is within average values for comparable stocks, (27.022). Projected Growth (PEG Ratio) (0.791) is also within normal values, averaging (1.319). Dividend Yield (0.013) settles around the average of (0.081) among similar stocks. P/S Ratio (2.197) is also within normal values, averaging (15.798).
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
GS | RJF | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 67 | 27 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 71 Overvalued | 70 Overvalued | |
PROFIT vs RISK RATING 1..100 | 20 | 28 | |
SMR RATING 1..100 | 4 | 9 | |
PRICE GROWTH RATING 1..100 | 59 | 57 | |
P/E GROWTH RATING 1..100 | 64 | 62 | |
SEASONALITY SCORE 1..100 | 85 | 75 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
RJF's Valuation (70) in the Investment Banks Or Brokers industry is in the same range as GS (71). This means that RJF’s stock grew similarly to GS’s over the last 12 months.
GS's Profit vs Risk Rating (20) in the Investment Banks Or Brokers industry is in the same range as RJF (28). This means that GS’s stock grew similarly to RJF’s over the last 12 months.
GS's SMR Rating (4) in the Investment Banks Or Brokers industry is in the same range as RJF (9). This means that GS’s stock grew similarly to RJF’s over the last 12 months.
RJF's Price Growth Rating (57) in the Investment Banks Or Brokers industry is in the same range as GS (59). This means that RJF’s stock grew similarly to GS’s over the last 12 months.
RJF's P/E Growth Rating (62) in the Investment Banks Or Brokers industry is in the same range as GS (64). This means that RJF’s stock grew similarly to GS’s over the last 12 months.
| GS | RJF | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 90% | 2 days ago 72% |
| Stochastic ODDS (%) | 2 days ago 76% | 2 days ago 65% |
| Momentum ODDS (%) | N/A | 2 days ago 57% |
| MACD ODDS (%) | 2 days ago 72% | 2 days ago 57% |
| TrendWeek ODDS (%) | 2 days ago 58% | 2 days ago 62% |
| TrendMonth ODDS (%) | 2 days ago 59% | 2 days ago 61% |
| Advances ODDS (%) | N/A | 3 days ago 59% |
| Declines ODDS (%) | 4 days ago 56% | 11 days ago 57% |
| BollingerBands ODDS (%) | 4 days ago 71% | 3 days ago 72% |
| Aroon ODDS (%) | 2 days ago 45% | 2 days ago 59% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
GS’s FA Score shows that 2 FA rating(s) are green while RJF’s FA Score has 2 green FA rating(s).
- GS’s FA Score: 2 green, 3 red.
- RJF’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
GS’s TA Score shows that 4 TA indicator(s) are bullish while RJF’s TA Score has 5 bullish TA indicator(s).
- GS’s TA Score: 4 bullish, 2 bearish.
- RJF’s TA Score: 5 bullish, 5 bearish.
Price Growth
GS (@Investment Banks/Brokers) experienced а -1.57% price change this week, while RJF (@Investment Managers) price change was -1.01% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -7.83%. For the same industry, the average monthly price growth was -5.37%, and the average quarterly price growth was -15.74%.
The average weekly price growth across all stocks in the @Investment Managers industry was -3.10%. For the same industry, the average monthly price growth was -1.67%, and the average quarterly price growth was -4.06%.
Reported Earning Dates
GS is expected to report earnings on Jan 19, 2027.
RJF is expected to report earnings on Oct 28, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-7.83% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
@Investment Managers (-3.10% weekly)Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.
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RJF and
Correlation & Price change
A.I.dvisor indicates that over the last year, RJF has been closely correlated with SF. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if RJF jumps, then SF could also see price increases.