Company Of The Day: Goldman Sachs

by Trefis Team
+3.89%
Upside
391
Market
406
Trefis
GS
Goldman Sachs
Rate   |   votes   |   Share

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?

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

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams

Rate   |   votes   |   Share

Comments

Name (Required)
Email (Required, but never displayed)
Be the first to comment!