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Shares of Goldman Sachs Group Rank the Highest in Terms of Level of Cash in the Investment Banking & Brokerage Industry (GS, MS, SCHW, RJF, AMTD)

By Shiri Gupta

Below are the three companies in the Investment Banking & Brokerage industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Goldman Sachs Group ranks highest with a CE of $66,000. Morgan Stanley is next with a CE of $54,000. Charles Schwab ranks third highest with a CE of $10,000.

Raymond James Financial follows with a CE of $3,000, and TD Ameritrade Holding rounds out the top five with a CE of $2,000.

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Keywords: highest level of cash goldman sachs group Morgan Stanley Charles Schwab raymond james financial td ameritrade holding