Goldman lost billions of dollars on the Apple Card

Goldman has lost billions on its Apple credit card partnership, but JPMorgan is much better positioned to benefit from a deal....

Goldman Sachs still working to exit Apple Card partnership as consumer losses top $6 billion ... Goldman Sachs is still looking to exit its ...

Goldman Sachs still working to exit Apple Card partnership as consumer losses top $6 billion · Comments Section.

The reasoning for the split is that Goldman Sachs is said to have lost $12 billion in 2022, and it was chiefly because of Apple Card. The ...

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card ... Goldman Sachs has lost billions of dollars on its consumer- ...

Apple Card contributes to another $667 million loss for Goldman Sachs: 'We did not execute well' ... Back in January, we learned that Apple Card ...

Report: Apple and Goldman Sachs are breaking up over money-losing Apple Card ... Goldman Sachs has lost billions of dollars on its consumer- ...

They also introduced high-yield savings accounts for card holders in April, enabling Goldman to gather $10 billion of deposits by August, Apple ...

Flagship estimates that Goldman will incur a pre-tax loss on the Apple Card ... cash-back rewards card, to approx. 15 ... money, the ...

Goldman and Apple's relationship got off to a rocky start. Apple ran ads saying that the card wasn't from a bank, irritating certain Goldman ...

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The losses stem from the vast investment that Goldman Sachs has funneled into Apple Card, reported to be somewhere between $1 -3 billion.

The consumer business is on track to lose $1.2 billion this year according to internal projections, Bloomberg reported in June. The “vast ...

Indeed, the Apple Card has been an unprofitable deal for Goldman Sachs, which announced in 2022 that it had lost over $1 billion on the ...

Goldman Sachs announced another net loss in its credit card business, including the Apple Card, reflecting $544m in credit loss provisions ...

To date, Goldman Sachs has lost over a billion dollars, mostly because of the Apple Card. Although CEO David Solomon called the partnership ...

A recent report shows the division of the company that includes Apple Card lost $3.03 billion in about three years. Much of that can be ...

Goldman Sachs's Apple Card unit loses $1.2 billion in nine months ... The Goldman Sachs business which houses Apple's credit card lost more than ...

Apple is putting an end to its credit card partnership with Goldman Sachs, yet another blow in the investment bank's ill-fated attempt to ...

Goldman must pay at least $19.8 million in redress and a $45 million civil money penalty, and Apple must pay a $25 million civil money ...