Barclays raised the firm’s price target on Goldman Sachs (GS) to $760 from $713 and keeps an Overweight rating on the shares following the Q4
JPMorgan Chase has also been in talks with Apple about the credit card business since last year. Talks with AMEX reportedly stalled, likely due to the financial company’s reluctance to sacrifice its well-known AMEX brand by appearing to be in a secondary position to Apple in the partnership.
Goldman Sachs partnered with Apple in 2019 to launch the Apple Card. The Apple Card, while innovative in its integration with Apple’s ecosystem, proved a costly for Goldman. Barclays and Synchrony Financial are reportedly the top contenders of replacing Goldman.
Analyst Betsy Graseck from Morgan Stanley maintained a Buy rating on Goldman Sachs Group (GS – Research Report) and increased the price target
Apple is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, says two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.
It's been Goldman Sachs in the background since the Apple Card's launch in 2019. Ever since its introduction in 2019, the Apple Card has been powered
Apple is exploring partnerships with Barclays and Synchrony to replace Goldman Sachs as its credit card partner as Goldman scales back its consumer finance ambitions.
Goldman's credit card deal with Apple lasts until 2030, but the partnership may end sooner than that, Goldman CEO David Solomon told analysts on an earnings call on Wednesday.
This week’s Apple headlines; iPhone Air leaks, new iPhone SE details, iPhone 15 special offers, Ai headlines paused, Apple Card’s new home, Tim Cook’s inauguration seat, and
Goldman Sachs Group Inc, SPDR® S&P 500, TJX Companies Inc, Natural Gas Futures. Read Investing.com (Jesse Cohen)'s latest article on Investing.com UK.
Apple is in talks with two major financial firms, as it looks for a new Apple Card partner to replace Goldman Sachs.