We evaluate cloud simulations using satellite simulators against multiple observational datasets. These simulators have been run within the Geophysical Fluid Dynamics Laboratory’s Atmosphere Model version 4.0 (AM4.0), as well as an alternative configuration where a two-moment Morrison-Gettelman bulk cloud microphysics with prognostic precipitation (MG2) is applied, denoted as AM4-MG2. The modelled cloud spatial distributions, vertical profiles, phase partitioning, cloud-to-precipitation transitions, and radiative effects from AM4.0 and AM4-MG2 compare reasonably well with satellite observations. Model biases include the underestimate of total and low-level clouds, especially optically thin/intermediate clouds, but the overestimate of optically thick clouds, indicating “too few, too bright’ biases. These biases compensate each other and result in reasonable estimates of cloud radiative effects. The underestimate of low-level clouds is associated with too frequent and too early drizzle/precipitation formation. The precipitation bias is improved in AM4-MG2, where the autoconversion scheme initiates the precipitation more realistically.