Wednesday, July 31, 2013

Goldman Sachs vs. GM, Morgan Stanley

Goldman Sachs (GS) is up 64% over the past year, but it hasn't kept pace with General Motors (GM) since its post-bailout IPO. 

From the November 19, 2010 weekly close to July 31, 2013, GM's (dubbed "Government Motors" in its initial rescue stage) stock performance has edged out that other government-allied firm, the infamous Goldman Sachs

Over that 2 1/2 year timeframe, GM has returned about 6% to GS' -1.5% (approximate figures from marking the right scale of the relative performance chart below).

Goldman Sachs GS chart


GS managed to outperform Morgan Stanley (MS), the other remaining investment bank behemoth, since the current bull market began in March 2009. Over that 4 year period, GS has returned close to 80% compared to 40% for MS. MS did return a cool 100% in the past year, after a prolonged downtrend since late 2009. 



More TBTF fun: Motif Investing's Too Big to Fail portfolio lists 1-year returns (and weightings) for its component banks (index is up 53% over 1 year). Every bank listed is solidly in the green, with individual returns ranging from 15% - 100%. Screenshot  below. 

Too Big to Fail banks stocks
Any source

No comments:

Post a Comment