Goldman Sachs Transitions General Motors Credit Card Program
What happened
Goldman Sachs transitioned the General Motors credit card program to another issuer in late 2025. The firm also plans to transition the program for Apple over the next two years. Goldman Sachs reported that its FY 2025 revenue was nearly $125.1 billion, with net income reaching approximately $17.2 billion.
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Why it matters
The transition of the credit card program alters the operational partnership between Goldman Sachs and General Motors. This shift in program management represents a change in revenue streams for the financial institutions involved.
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Who's involved
- Goldman SachsTransitioned the General Motors credit card program to another issuer.
- General MotorsHad its credit card program transitioned by Goldman Sachs.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GM FinancialSpeculative
GM Financial might see changes in revenue stream due to the operational change in credit card program management.
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The entities involved
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Goldman Sachs
American investment bank
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General Motors
American multinational automotive company
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JPMorgan Chase
American multinational banking and financial services holding company
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