Apple has reduced the interest rate on its high-yield savings account tied to the Apple Card, dropping the annual percentage yield (APY)…
Tag: Goldman Sachs
Chase to replace Goldman Sachs as Apple Card issuer
Apple and Chase on Wednesday announced that Chase will become the new issuer of Apple Card, with an expected transition in approximately…
Goldman Sachs raises Apple price target to $320 on strong demand
Goldman Sachs hiked its price target on Apple to $320 from $279, while keeping its Buy rating intact, in the wake of the company’s Q4…
Consumer Financial Protection Bureau ends monitoring of Apple years ahead of schedule
The Consumer Financial Protection Bureau (CFPB) has scraped settlements with Apple and U.S. Bank that were implemented in…
JPMorgan Chase nears a deal to replace Goldman Sachs on Apple Card
JPMorgan Chase is in advanced negotiations to assume control of Apple’s credit-card program, sources familiar with the discussions say…
Apple is the most shorted stock in Jefferies’ list of 16 tech stocks
Apple has become the most shorted stock in Jefferies’ “Sweet 16” group of leading tech firms, with traders betting against it by…
Visa offers roughly $100 million to take over Apple Card from Mastercard
Visa is intensifying the competition among the nation’s leading payment networks to partner with the prestigious Apple Card …
Apple Card partner Goldman Sachs drops DEI section from annual filing
Apple Card partner Goldman Sachs omitted a full section on “diversity and inclusion” (DEI) from its annual filing released Thursday…
Apple reportedly in talks with Barclays, Synchrony to replace Goldman Sachs as Apple Card partner
Apple is currently negotiating with Barclays to take over from Goldman Sachs as its Apple Card partner. Synchrony Financial is also…
Goldman Sachs CEO: Apple card partnership may end before 2030
Goldman CEO David Solomon said on Wednesday that Goldman Sachs’ Apple Card partnership with Apple may end before its contract…
Apple responds after being fined with Goldman Sachs over Apple Card issues
Following an investigation, the Consumer Financial Protection Bureau (CFPB) today announced it has fined Apple and Goldman Sachs nearly…
U.S. watchdog agency orders Goldman Sachs, Apple to pay $89 million over Apple Card issues
Goldman Sachs and Apple have been ordered to pay $89 million for violations of consumer protection laws in their joint Apple Card…
Goldman Sachs faces $50 million in fines over Apple Card issues
Goldman Sachs is facing significant penalties from the Consumer Financial Protection Bureau due to alleged misconduct in its credit card…
Apple cuts Apple Card Savings interest rate
Apple and banking partner Goldman Sachs are cutting the Apple Card Savings Account interest rate from 4.4% to 4.25%…
JPMorgan in talks to replace Goldman Sachs in Apple Card partnership
JPMorgan Chase is in talks with Apple about taking over company’s Apple Card program from current partner Goldman Sachs…
Why Apple shares haven’t moved much after iPhone 16 reveal
Apple’s highly anticipated artificial intelligence feature, Apple Intelligence, took center stage at the company’s annual iPhone event…
Goldman Sachs analyst: Apple earnings results keep ‘bull thesis alive and well’
Apple reported third quarter earnings on Thursday, August 1st that beat expectations on both revenue and earnings per share…
Goldman Sachs expects Apple to beat Q3 earnings estimates
Investment bank Goldman Sachs is anticipating Apple to surpass analyst expectations when it reports third-quarter earnings on Thursday…
Apple tops Goldman Sachs’ ‘underweight’ basket
Goldman Sachs is out with its regular breakdown of holdings in hedge funds and mutual funds. Five stocks overlap with Goldman’s…
Apple Card High-Yield Savings Account balance limit increased to $1 million
Goldman Sachs today increased the Apple Card High-Yield Savings Account balance limit to $1 million, up from $250,000…
Unwinding the Apple-Goldman Sachs partnership expected to be rocky
Four years after partnering on the Apple Card, Goldman Sachs faces a costly exit from a partnership that is seen by other lenders as too…
Why Chase is Apple Card’s ideal partner to replace Goldman Sachs
Apple and Goldman Sachs are working on a deal to wind down their Apple Card partnership, and Chase is the ideal partner to team with Apple…
Apple likely to find a new Apple Card partner with some fanfare – expert
Changes, with some measure of accompanying fanfare, may be coming for Apple Card users as the company seeks to end its relationship…
Apple wants to kill Apple Card, Apple Savings partnership with Goldman Sachs
Apple is looking to pull the plug on its Apple Card / Apple Savings partnership with Goldman Sachs, ending the Wall Street bank’s bid to…
Will Apple raise its interest rate on high-yield Savings account to better compete?
Apple has not raised its interest rate on its high-yield Savings account offering in six months, while the top rate for high-yield savings…
Apple planned a stock-trading service, but paused launch as markets slumped
Apple was prepping a new iPhone feature that would let users buy and sell stocks in partnership with Goldman Sachs, but Apple decided…
Demand for iPhone 15 Pro models outpacing supply – analysts
Apple’s iPhone 15 Pro and flagship iPhone 15 Pro Max are seeing strong demand that’s outpacing supply, analysts say…
Apple’s price hikes on iPhone 15 Pro models is warranted – Goldman Sachs
Investment firm Goldman Sachs said an expected price hike from Apple on its iPhone Pro models is warranted…
Apple Card’s high-yield Savings accounts surpass $10 billion in deposits
On Wednesday, Apple announced that Apple Card’s high-yield Savings account offered by Goldman Sachs has reached over $10 billion in deposits…
Why Apple CEO Tim Cook was initially denied an Apple Card
Apple CEO Tim Cook was initially turned down for an Apple Card. Cook was denied his own company’s credit card because…
Apple’s new high-yield Savings account delivers high APYs and convenient perks
Apple Card users can choose to grow their Daily Cash rewards with a high-yield Savings account from Goldman Sachs, which offers…
As Apple pushes deeper into financial services, PayPal and other fintechs should be scared
Apple in mid-April launched a new Savings account with a 4.15% yield, 10 times the national average for banks. PayPal and fintech firms…
Apple’s high-yield Savings account spells big trouble for regional banks
Apple’s new high-yield Savings account with Goldman Sachs could spell trouble for regional banks trying to retain deposits amid the…
Apple’s new high-yield Savings account is quickly attracting users
Apple’s newly launched high yield Savings account brought in some $990 million in deposits over its first four days…
Apple’s new high-yield Savings account draws nearly $1 billion in deposits in first four days
Apple’s newly launched high yield Savings account brought in some $990 million in deposits over its first four days…
Expect more banking to be done via Apple’s iPhone
While traditional banks last week announced a loss of $60 billion in deposit outflows, Apple announced its new high-yield Savings account…
Mighty Apple looks to take a big bite out of the banks
The question for banks and financial services companies is how worried they should be about Apple, a tech company with 1.2+ billion iPhone…
With splashy new financial offerings, Apple charges further into the world of money
Apple, the world’s most valuable company, has announced a number of new financial offerings, including a credit card, a buy-now-pay-later…
Apple’s high-yield Savings account is a great move for Apple and its shareholders
As of this week, Apple Card users can now choose to grow their Daily Cash rewards with a high-yield Savings account from Goldman Sachs…
Apple Card 4.15% Savings accounts mark golden age of cash
Apple Card users can now choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a high-yield 4.15%…
Goldman Sachs is watching for ‘cannibalization’ from partner Apple’s new high-yield Savings account
Goldman Sachs CEO David Solomon said Tuesday he isn’t worried about partner Apple’s new high-yield Savings account overshadowing…
Apple’s new high-yield Savings account is another threat to banks
Apple Card users can now choose to grow their Daily Cash rewards with a Savings account which offers a high-yield 4.15 percent…
