Goldman Sachs is reportedly acquiring the Apple Card portfolio, with Wells Fargo analysts assessing the potential network switch involving Visa and Mastercard.
2 reports, 2 independent
Updated Aug 20
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 2
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Goldman Sachs is reportedly acquiring the Apple Card portfolio, with Wells Fargo analysts assessing the potential network switch involving Visa and Mastercard.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Goldman Sachs is ending its consumer banking partnership with Apple Inc., while both firms are noted as major investment banking peers.Sub-event
GS reportedly acquiring Apple Card portfolio; potential network switch assessed by Wells Fargo.1 source
Keep exploring
The entities involved
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Goldman Sachs
American investment bank
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Apple Inc.
American multinational technology company based in Cupertino, California
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Visa Inc.
American multinational financial services corporation
Related events
- Apple Inc. and competitors are expected to launch product updates and pricing increases amid ongoing market competition.
- Bank of America analyst floated the idea of 'sell the news' regarding Apple Inc.
- Bank of America is bullish about Apple Inc. ahead of the company's upcoming iPhone event.
- Fed rate hikes are putting upward pressure on savings rates, with Goldman Sachs managing the Apple Card Savings account.
- Bybit is offering tokenized shares of major companies, including Apple Inc., Coinbase, SpaceX, and Amazon, as underlying assets.
Coverage
Newest first; wire copies grouped- Investing.comWhat happens if JPM buys Apple Card from Goldman Investing.com -- JPMorgan (NYSE:JPM) could regain the top spot in U.S. credit cards if it acquires Goldman Sachs’ Apple Card portfolio, a potential $1
- Simply Wall St.Synchrony Financial (SYF) Eyes Apple Card Opportunity Amid Competitive US$21 Billion Portfolio Talks Amidst speculation about Apple potentially selling its credit card portfolio, Synchrony Financial