Apple Moves to End Goldman Sachs Card Partnership. It’s not the Best for Apple Stock Predictions 2025.

Nov 29, 2023

Apple Stock Predictions 2025

Despite extending their credit-card collaboration until 2029 a little over a year ago, Apple and Goldman Sachs appear prepared to cancel it, making Apple stock predictions 2025 not that positive.

The Wall Street Journal reported late Tuesday that Apple offered Goldman Sachs a proposal to quit the arrangement within the next 12 to 15 months. It includes abandoning the high-yield savings account the two opened earlier this year and the credit card introduced in 2019, according to persons informed on the subject, according to the Journal.

It is unclear whether Apple has secured a replacement card provider.

The partnership’s abrupt closure isn’t ideal for Apple (AAPL), which is expanding into financial services to enhance its services sector. On the other hand, Apple should have little trouble finding a new issuer.

Goldman Sachs simply wants to reverse its messed-up consumer banking experiment as soon as possible. Overall, it’s probably for the best that the couple part ways.

While the writing has been on the wall for some time, the businesses’ consumer-finance cooperation is slowly disintegrating.

Goldman’s massive push into consumer lending has been reversed much faster. The Wall Street bank announced in January that it has lost $3 billion in consumer banking since 2020. According to the Journal, Goldman informed Apple in early 2023 that it wished to exit the alliance.  

According to sources, the bank announced the sale of its lending platform GreenSky in October at a hefty loss before terminating its credit card arrangement with General Motors earlier this month. It sold its personal financial management unit in August.

The bank’s third-quarter profit fell 33% due to its quick withdrawal from consumer banking. Apple and Goldman did not reply to requests for comment early Wednesday. Goldman Sachs was 0.3% higher heading of the open on Wednesday, while Apple was flat, making Apple stock predictions 2025 pretty unstable for now.

Subscribe Our Newsletter

Apple's Key Growth Driver is India Now. And Here is why.

Milena

Apple’s Key Growth Driver is India Now. And Here is why.

According to a Bloomberg report, the tech firm is giving India more attention and designating it as its own sales region.

Companies
BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund
BlackRock Raises $673 mln for Climate-Focused Infrastructure Fund

According to Reuters, BlackRock Inc (BLK.N) has raised a target-beating $673 million for an infrastructure fund with backing from the French, German, and Japanese governments to invest in climate-focused initiatives in emerging nations, such as renewable energy.

Companies
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Constantine

Investing in Currencies That Are More Valuable Than the American Dollar
Today, investment activities attract numerous people who, in the pursuit of high profits, want to find the holy grail of investing and earn interest from trading in various financial instruments.

discover
How Liquidity Providers Drive The Foreign Exchange Market

Tamta

How Liquidity Providers Drive The Foreign Exchange Market

The Forex market is a colossal financial arena where $6.6 trillion is transferred every day, equivalent to roughly $250 billion per hour. To keep this vast market running smoothly, it relies on something called "liquidity" – a constant stream of funds circulating within it. This is where the critical role of liquidity providers comes into play. 

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors

    Hazem

    The Cup and Handle Pattern – How Trade Using This Bullish Indicator?

    Cup and Handle Pattern – How to Predict Price Breakouts?
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.