BlackRock vs. Goldman Sachs: Which Is the Better Investment After Record Q2 Results?

Both BlackRock (BLK) and Goldman Sachs (GS) delivered record Q2 results, with BlackRock's AUM surpassing $15 trillion for the first time and Goldman's revenue surging 39% YoY to $20.33 billion. Goldman's adjusted EPS of $20.98 crushed estimates by 45%, driven by a 53% jump in Global Banking & Markets revenue, while BlackRock posted $13.91 EPS (beating by 10%) with a 46% operating margin.

Why it matters: Goldman trades at a slight discount (19x forward P/E vs. BlackRock's 20x) and carries a Zacks Rank #2 (Buy) versus BlackRock's #3 (Hold), though BlackRock offers a higher dividend yield of 2.1% vs. Goldman's 1.56%.