Goldman Sachs’ consumer credit division lost $1.2 billion in nine months last year due primarily to its Apple Card partnership…
Tag: Goldman Sachs
Wall Street banks turn bearish on major Apple-supplier TSMC, citing weaker demand
Wall Street banks such as Goldman Sachs are turning bearish on Taiwan Semiconductor Manufacturing Co. (TSMC), cautioning…
Goldman Sachs offers more banking services through Apple in revamped consumer approach
A relative newcomer in consumer banking, Goldman Sachs has expanded and extended a partnership with Apple that began a few years ago…
Apple Card Daily Cash can soon grow in new high-yield Savings accounts from Goldman Sachs
Apple in October announced a new Savings account for Apple Card that will allow users to save their Daily Cash and grow their rewards…
Apple deepens financial push with new high-yield Savings accounts
Apple is deepening its already formidable push into the world of financial services with a new plan to let Apple Card users park their…
Apple Card Daily Cash can soon grow in new high-yield Savings accounts from Goldman Sachs
Apple today announced a new Savings account for Apple Card that will allow users to save their Daily Cash and grow their rewards in a…
Fed raises interest rates, pledges more hikes amid rampant inflation; warns of recession
The Fed raised interest rates and indicated it will keep hiking well above the current level as it attempts to tamp down rampant inflation …
Goldman Sachs: Rampant U.S. inflation could cause further 27% drop in the S&P 500
It’s not just that the U.S. Fed is going to be aggressive after the latest shocking U.S. inflation figure, still running at 40-year highs…
Apple Card’s rapid growth credited with triggering Goldman Sachs probe
Apple Card’s rapid growth and the new platform built by Goldman Sachs to service it created difficulties that attracted regulators who are…
Apple Card partner Goldman Sachs discloses probe into U.S. credit card division
Goldman Sachs’ U.S. credit card business is being investigated by the U.S. Consumer Financial Protection Bureau, the bank disclosed…
Goldman Sachs now sees U.S. recession risk as ‘higher and more front-loaded’
Goldman Sachs strategists are beginning to get a clearer look at the potential for a U.S. recession, seeing the risk now as “higher and more…
Apple Card wins first ever J.D. Power Award for customer satisfaction
Apple Card, created by Apple, the only card issued by Goldman Sachs, ranked highest among the Midsize Credit Card segment…
Apple Card shines bright in J.D. Power U.S. Credit Card Satisfaction Study
Apple Card, issued by Goldman Sachs, and new to the J.D. Power U.S. Credit Card Satisfaction Study in 2021, is the highest-ranking midsize…
Goldman Sachs’ Rod Hall claims China iPhone 12 cycle was 12% weaker than iPhone X
Bucking talk of a super cycle, Goldman Sachs analyst Rod Hall claims that current iPhone shipments in China are 12% lower than the iPhone X…
Goldman Sachs’ so-called Apple analyst Rod Hall finally gets a clue
Last August, we told you flat out that Goldman Sachs’ analyst Rod Hall is an awful Apple analyst and this wasn’t our first critique of Rod…
Apple launches $200 million ‘Restore Fund’ to invest in working forests
Apple today announced a first-of-its-kind carbon removal initiative — called the Restore Fund — that will make investments in forestry…
DFS: Apple Card, Goldman Sachs committed no fair lending violations
The New York State Department of Financial Services today issued a report summarizing the department’s findings after investigating…
Apple issues more debt with second bond sale this year
Apple, which hasn’t borrowed in dollars more than once in a calendar year since 2017, is tapping the investment-grade market for the second…
Goldman Sachs analyst Rod Hall is an awful Apple analyst
Goldman Sachs analyst Rod Hall is an awful Apple analyst. Hall is so bad at his job, that last September, Apple even had to take the rare…
Apple Card starts credit file reporting to Experian
Owners of Apple Card are reporting Apple is finally expanding the number of credit reference agencies to which the company reports, as the Apple…
Apple launches Apple Card website for managing accounts online
Apple today launched a new website for Apple Card users to manage their accounts online. Previously, all interactions for the Apple Card were limited to…
Apple launches ‘Path to Apple Card’ program to help applicants with poor credit scores
Apple is launching a new, opt-in “Path to Apple Card” program for people who have their application declined. It is designed to help those with poor…
Apple plans new four-part debt offering
Apple announced in a regulatory filing with the U.S. Securities and Exchange Commission today that the company is planning a four-part debt offering …
Goldman Sachs downgrades Apple stock to ‘sell’
Goldman Sachs analyst Rod Hall downgraded Apple Inc. stock to “sell” on Friday and cut its price target to $233 from $250, as it reduced its earnings…
Apple, Goldman let Apple Card holders defer April payments
Due to the financial pressure from the COVID-19 pandemic, Apple and Goldman Sachs are letting Apple Card users defer April payments …
Goldman Sachs cuts near-term Apple estimate, but sees year-end rebound
Goldman Sachs analyst Rod Hall today reiterates his “Neutral” rating on Apple shares, cuts his price target to $265 from $300, and trims his estimates …
Dow surges nearly 200 points on gains in Apple, Goldman Sachs stocks
The Dow was most recently trading 194 points (0.7%) higher, as shares of Apple Inc. and Goldman Sachs…
Goldman Sachs sees Apple’s share price plunging 35% this year
In a note to clients on Monday, Goldman Sachs analyst David Kostin has predicted that Apple will lose more than a third of its value this year…
Retailers really don’t like paying the fees for your Apple Card
This holiday season will be the first for the Apple Card, the highest-profile new credit card in years….
Apple Card begins to appear on credit reports
Goldman Sachs has confirmed that it is working with credit bureau TransUnion to begin reporting Apple Card info…
Elizabeth Warren ramps up attacks on Apple Card over gender bias claims
Democratic Senators Elizabeth Warren and Sherrod Brown want the Consumer Financial Protection Bureau to examine allegations of bias against women who applied for an Apple Card…
Goldman Sachs CEO defends Apple Card approval process, says ‘there’s no gender bias’
There’s no gender bias in our process for extending credit…
Elizabeth Warren slams Goldman Sachs’ response to Apple Card gender bias accusations
Democratic presidential candidate Elizabeth Warren fired back at Goldman Sachs’ response to allegations of gender bias against women applying for the popular Apple Card…
Goldman Sachs to allow household members to share Apple Card credit lines
The Apple Card previously had individuals apply for their own cards…
Goldman Sachs: Apple Card approval is not and has never been based on gender
Goldman Sachs Bank USA CEO says that Apple Card approval is not and has never been based on factors like gender…
Goldman plans on fixing issue that has some Apple Card users claiming gender discrimination
The issue stems from the Apple Card being only for individual accounts, not joint accounts shared by a household…
Apple co-founder Woz says Apple Card algorithm gave his wife a lower credit limit
Apple Inc co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination…
Goldman Sachs faces probe for alleged gender discrimination with Apple Card algorithm
A Wall Street regulator is opening a probe into Goldman Sachs Group Inc.’s credit card practices after a viral tweet from a tech entrepreneur…
Goldman Sachs lends Apple Card $10 billion in credit
Apple Card is the industry’s most successful credit card launch ever…
Goldman Sachs CEO: Apple Card is the most successful credit card launch ever
In three short years, Goldman Sachs built a new credit-card platform and launched Apple Card which the firms says is the most successful credit card launch ever…
Analyst: Apple 5G iPhones might not be worth the wait
Goldman Sachs analyst Rod Hall is back trying to analyze Apple, the iPhone, and 5G with predictable results…
5G and strong iPhone 11 sales: The smartphone market is looking stronger, and that could be good news for Apple
The world of smartphones continues to emerge from its doldrums, in what has been a positive few months for Apple specifically..
