Cointelegraph reports that since the outbreak of the pandemic, Goldman Sachs (GS.N) saw its market capitalization surpass that of its long-standing Wall Street competitor, Morgan Stanley (MS.N), for the first time. On Tuesday, Goldman Sachs' stock rose by 2.6%, lifting its market cap to $168.9 billion, just barely ahead of Morgan Stanley's $168.6 billion. The bank's market cap has grown rapidly this year, with the gap between it and Morgan Stanley's market cap exceeding $20 billion at the beginning of the year. Analysts consider Goldman Sachs' stock one of the best risk/reward ratios in the current focus area. The bank's share price has soared by 31% this year, setting a new high, thanks to strong trading income and banking fees driving the growth. In contrast, Morgan Stanley's share price has only increased by 11% in 2024, with its wealth management business performing poorly, resulting in lagging performance compared to its peers.