JPMorgan and Apple are in deep negotiations and are expected to take over the Apple credit card project from Goldman Sachs.
As Goldman Sachs decides to withdraw from the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users, which is a huge customer resource for any bank. Currently, Apple is still in negotiations with JPMorgan, and due to the high-risk customers involved in Apple's credit card project, JPMorgan hopes to take over at a more favorable price. The top management of JPMorgan is paying attention to the negotiations with Apple because technology companies like Apple are challenging the traditional role of banks, and banks must consider collaborating with these technology companies.
An Apple Card Takeover Would Mark a Different Kind of JPMorgan Rescue -- Barrons.com
Sector Update: Financial Stocks Advance Tuesday Afternoon
Sector Update: Financial
Update: Market Chatter: JPMorgan Advances Talks to Run Apple Credit Card Program
Express News | Goldman Sachs Appoints Josh Schiffrin as Chief Strategy Officer and Head of Financial Risk for Global Banking & Markets, Public - Memo Seen by Reuters
JPMorgan in Talks With Apple to Take Over Credit Card From Goldman -- WSJ
BofA Securities Maintains Goldman Sachs(GS.US) With Buy Rating
BofA Securities analyst Ebrahim Poonawala maintains $Goldman Sachs(GS.US)$ with a buy rating.According to TipRanks data, the analyst has a success rate of 66.1% and a total average return of 9.5%
DOJ Revives Criminal Probe of Banks Impacted by Archegos Fiasco, Bloomberg Reports
Express News | South Korea is expected to have its bonds included in the FTSE World Government Bond Index, but institutions such as Goldman Sachs are skeptical of this.
Market Chatter: Carlyle Reportedly Rekindles Plans for Nouryon IPO
Goldman Sachs: Hedge funds have been selling global equities for nine consecutive weeks, while financial stocks are regaining favor.
A report from Goldman Sachs shows that banks, insurance companies, and trading companies are once again favored by hedge funds, which have been purchasing stocks of these companies at the fastest pace since June 2023.
Morgan Stanley Maintains Goldman Sachs(GS.US) With Buy Rating, Cuts Target Price to $553
Morgan Stanley analyst Betsy Graseck maintains $Goldman Sachs(GS.US)$ with a buy rating, and adjusts the target price from $562 to $553.According to TipRanks data, the analyst has a success rate of 46
Express News | Goldman Sachs has lowered its forecast for iron ore prices in the fourth quarter of 2024 to $85 per ton (previously $100 per ton).
Morgan Stanley Adjusts Price Target on Goldman Sachs Group to $553 From $562, Maintains Overweight Rating
Express News | Citigroup: Both Trump and Harris' political agendas are not favorable for US stocks. Investors are more concerned about other factors than the election vote.
Second miraculous escape from death! Trump suspected of another assassination attempt, DJT pre-market once soared more than 8%.
Harris: Violence has no place in the United States.
Jim Cramer Says Goldman Sachs Group, Inc. (GS) Is Overvalued
Express News | Report: Bausch & Lomb is working with Goldman Sachs advisors to test potential buyers' interest.
Here's How Much $1000 Invested In Goldman Sachs Gr 5 Years Ago Would Be Worth Today