GS vs ING vs HSBC Stock Comparison

Goldman Sachs, Ing Groep and Hsbc Holdings Prices as of Oct 27, 2026 Peers: Industry group
GS Goldman Sachs Group Inc
$912.08 -2.5% 1M +15.5% 1Y
Market cap
$265.82B
P/E
12.8x
Revenue (TTM)
$69.70B
Div. yield
1.97%
Money Center Banks Financial Services
ING Ing Groep Nv
$32.56 -10.9% 1M +34.0% 1Y
Market cap
$94.50B
P/E
–
Revenue (TTM)
—
Div. yield
4.67%
Money Center Banks Financial Services
3 wins
HSBC Hsbc Holdings Plc
$86.01 -14.8% 1M +28.0% 1Y
Market cap
$295.45B
P/E
11.3x
Revenue (TTM)
$55.16B
Div. yield
4.36%
Money Center Banks Financial Services
6 wins

Head to Head

9 decided of 12

Hsbc Holdings leads on 6 of the 12 questions below (Hsbc Holdings 6, Ing Groep 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGSINGHSBCLeader
Larger companyMarket capitalisation $265.82B $94.50B $295.45B HSBC
Cheaper on earningsLower P/E, profitable companies only 12.8x — 11.3x HSBC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.1x 12.1x 9.5x HSBC
Faster revenue growthRevenue growth, trailing twelve months +18.7% — +1,900.0% HSBC
More profitableNet margin, trailing twelve months — — 47.9% –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 1.97% 4.67% 4.36% ING
Better 1-year returnPrice return, last 12 months +15.5% +34.0% +28.0% ING
Better 5-year returnAnnualised price return, 5 years +17.1%/yr +16.3%/yr +23.1%/yr HSBC
Less volatileAnnualised volatility, 1 year 31.9% 27.8% 28.3% ING
Higher overall scoreMean of the five percentile scores vs peers 47/100 — 65/100 HSBC

Percentile Scorecard

GSINGHSBC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGSINGHSBC
Valuation 18 #294 of 360 – 13 #313 of 360
Growth 96 #8 of 191 – 70 #58 of 191
Profitability – – 86 #25 of 168
Financial Health – 22 #136 of 175 –
Shareholder Returns 27 #251 of 341 93 #24 of 341 90 #34 of 341
Overall 47 – 65
  • GS ranked among 368 companies in Banking
  • ING ranked among 368 companies in Banking
  • HSBC ranked among 368 companies in Banking

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGSINGHSBCSPY
1 month -2.5%-10.9%-14.8% -0.2%
3 months -11.7%-2.2%-17.0% +3.9%
6 months -1.6%+15.9%-4.4% +8.2%
Year to date +3.8%+16.3%+9.3% +12.9%
1 year +15.5%+34.0%+28.0% +12.3%
3 years +214.6%+157.8%+134.3% +87.4%
3 years, per year +46.6%+37.1%+32.8% +23.3%
5 years +119.9%+112.5%+182.8% +67.9%
5 years, per year +17.1%+16.3%+23.1% +10.9%
10 years +413.1%+148.4%+126.2% +261.1%
10 years, per year +17.8%+9.5%+8.5% +13.7%

Risk

MeasureGSINGHSBCSPY
Volatility, 1Y 31.9%27.8%28.3% 12.7%
Downside volatility, 1Y 32.2%26.7%28.1% 12.7%
Beta vs S&P 500, 1Y 1.631.351.26 1.00
Return / volatility, 1Y 0.481.230.99 0.97
Max drawdown, 5Y -34.0%-47.4%-34.6% -25.4%
From 52-week high -20.8%-12.6%-20.3% -1.2%
52-week high $1,152.07$37.26$107.85 $779.14
52-week low $773.70$24.17$67.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGSINGHSBC
P/E now vs peer median 12.8xmedian 12.1x —median 12.1x 11.3xmedian 12.1x
P/S now vs peer median 3.8xmedian 3.4x —median 3.4x 5.4xmedian 3.4x
EV/EBITDA now vs peer median —median 5.0x —median 5.0x —median 5.0x
P/FCF now vs peer median -6.4xmedian 10.9x —median 10.9x —median 10.9x
P/B now vs peer median 2.1xmedian 1.2x 1.5xmedian 1.2x 1.5xmedian 1.2x
PEG now vs peer median 0.26median 1.34 —median 1.34 3.03median 1.34

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGSINGHSBC
Revenue $69.70B – $55.16B
Operating income – – $33.06B
Net income – – $28.08B
EPS (diluted) $69.89 – $7.53
Cash & equivalents $177.00B $74.19B $222.46B
Total debt – $21.78B –
Shares (diluted) 304.90M 2.99B 3.51B
Enterprise value $265.82B -$447.64B -$1.81T

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGSINGHSBC
P/E 12.8x – 11.3x
P/FCF -6.4x – –
P/Operating cash flow – – –
P/S 3.8x – 5.4x
P/B 2.1x 1.5x 1.5x
P/Tangible book 2.1x 1.6x 1.5x
EV/EBITDA – – –
EV/EBIT – – -16.4x
EV/Revenue 3.8x – -9.8x
EV/FCF – – –
EV/Operating cash flow – – –
PEG (3Y EPS CAGR) 0.26 – 3.03

Growth

14 metrics
MetricGSINGHSBC
Revenue growth (1Y) 18.7% – 1,900%
Revenue CAGR (3Y) 15.3% – -4.3%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – 40.9%
Operating income CAGR (3Y) – – 1.6%
Net income growth (1Y) – – 51.5%
Net income CAGR (3Y) – – -1.1%
EPS growth (1Y) 39.0% – 68.0%
EPS CAGR (3Y) 49.3% – 3.7%
Operating cash flow growth (1Y) – – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricGSINGHSBC
Gross margin – – –
EBITDA margin – – –
Operating margin – – 59.9%
Pretax margin – – 65.2%
Net margin – – 47.9%
FCF margin – – –
Operating cash flow margin – – –
Return on equity – – 14.3%
Return on assets – – 0.8%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover 0.0x – 0.0x
Cash conversion (OCF / net income) – – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricGSINGHSBC
Debt / assets – 1.6% –
Debt / equity – 0.4x –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 94.3% 95.3% 94.3%
Equity / assets 5.7% 4.7% 5.7%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricGSINGHSBC
Dividend yield 2.0% 4.7% 4.4%
Net buyback yield – – –
Shareholder yield 2.0% 4.7% 4.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGSINGHSBC
Forward P/E 12.1xFY2026 12.1xFY2026 9.5xFY2026
EPS, next fiscal year $75.07FY2026 $2.68FY2026 $9.02FY2026
EPS growth, next FY +46.3%FY2026 +5.9%FY2026 +19.5%FY2026
EPS growth, the year after -6.8% +18.3% +9.1%
Revenue, next fiscal year $68.80BFY2026 $27.20BFY2026 $70.05BFY2026
Revenue growth, next FY +18.1%FY2026 -1.0%FY2026 -1.3%FY2026
Revenue growth, the year after +4.5% +3.2% +18.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGSINGHSBC
Held by institutions 72.1% 4.5% 2.5%
Institutions holding 3,149 589 707
Change in shares held, QoQ +1.1% -19.0% -0.3%
Institutions buying 1,552 319 402
Institutions selling 1,124 154 180
Buyers to sellers 1.38 2.07 2.23

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GSINGHSBC
GS 1.00 0.59 0.52
ING 0.59 1.00 0.74
HSBC 0.52 0.74 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GS, ING and HSBC?

Hsbc Holdings (HSBC) is the largest by market capitalisation: Goldman Sachs (GS) $265.82B, Ing Groep (ING) $94.50B, Hsbc Holdings (HSBC) $295.45B.

Which stock is cheaper, GS, ING and HSBC?

Hsbc Holdings (HSBC) trades on the lowest price-to-earnings ratio (Goldman Sachs (GS) 12.8x, Hsbc Holdings (HSBC) 11.3x). On next year's consensus earnings, Hsbc Holdings (HSBC) is cheapest (Goldman Sachs (GS) 12.1x, Ing Groep (ING) 12.1x, Hsbc Holdings (HSBC) 9.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hsbc Holdings (HSBC) grew revenue fastest over the trailing twelve months: Goldman Sachs (GS) +18.7%, Hsbc Holdings (HSBC) +1,900.0%.

Which stock has performed better?

Over the past year Ing Groep (ING) returned the most: Goldman Sachs (GS) +15.5%, Ing Groep (ING) +34.0%, Hsbc Holdings (HSBC) +28.0%. Over five years, Hsbc Holdings (HSBC) compounded fastest (Goldman Sachs (GS) +17.1%/yr, Ing Groep (ING) +16.3%/yr, Hsbc Holdings (HSBC) +23.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Ing Groep (ING) has the highest dividend yield: Goldman Sachs (GS) 1.97%, Ing Groep (ING) 4.67%, Hsbc Holdings (HSBC) 4.36%.

Which stock is riskier?

By one-year price volatility, Ing Groep (ING) has been the steadiest (Goldman Sachs (GS) 31.9%, Ing Groep (ING) 27.8%, Hsbc Holdings (HSBC) 28.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GS, ING and HSBC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hsbc Holdings (HSBC) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.