Company Of The Day: Goldman Sachs

+10.02%
Upside
356
Market
392
Trefis
GS: Goldman Sachs logo
GS
Goldman Sachs

What?

Bloomberg reports that Apple is working on a new service in partnership with Goldman Sachs (NYSE:GS), that will enable customers to pay for their Apple Pay purchases in installments. Goldman will apparently serve as the lender for the loans required for the installment offerings.

So What?

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Goldman has been looking to double down on areas such as consumer finance while reducing its exposure to more volatile businesses such as trading. The company already works with Apple on the Apple credit card. A “Buy Now Pay Later” offering could further Goldman’s push into the consumer space.

See Our Complete Analysis For Goldman Sachs

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