What is the Difference Between Goldman Sachs and J.P. Morgan Chase?

Goldman Sachs and J.P. Morgan Chase are both respected investment banks, but they have some key differences in their business models and revenue streams. Here are the main differences between the two:

1. Revenue streams: Both banks generate a significant portion of their revenues from market-making, but Goldman Sachs is more dependent on this business. J.P. Morgan Chase has more diversified revenue streams, including a suite of lending-related operations such as consumer lending, credit cards, and mortgages.
2. Investment banking focus: Goldman Sachs has a stronger focus on investment banking, with the sector accounting for around 21% of its total revenues. In contrast, J.P. Morgan Chase's investment banking business contributes around 7% of its total revenues.
3. Asset management and wealth management: J.P. Morgan Chase is a leader in asset management and wealth management, while Goldman Sachs focuses more on providing financial advisory services and platform solutions.
4. Size and assets: J.P. Morgan Chase has over three times the amount of assets as Goldman Sachs and generates over three times the revenue.
5. Work culture: Some employees have reported that Goldman Sachs has a more focused approach to gender equality in the workplace, which may be an important factor for some job seekers.

In summary, Goldman Sachs is more dependent on market-making and investment banking, while J.P. Morgan Chase has a more diversified business model with a stronger focus on lending and asset management. Goldman Sachs may offer a more focused approach to workplace equality, but both companies have strong reputations in the financial industry.

Comparative Table: Goldman Sachs vs J.P. Morgan Chase

Here is a table comparing Goldman Sachs and J.P. Morgan Chase:

Both banks are respected investment banks with strong performances from 2017 to 2021. J.P. Morgan Chase has a more diversified revenue stream and higher assets compared to Goldman Sachs. In terms of company culture, Goldman Sachs is known for its focus on gender equality, while J.P. Morgan Chase is supportive of career development. As for prestige, both banks are considered prestigious, but J.P. Morgan Chase is seen as more of a household name.