Despite beating the market over the past two years, shares of Goldman Sachs (NYSE:GS) are still trading at historically low valuation multiples as the bank's operating performance has failed to regain its pre-crisis form. With current returns on equity in the low-teens, should investors be demanding more from Goldman Sachs?

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Goldman's valuation versus somes peers and how the company can still be a long-term winner.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.