Barclays raised the firm’s price target on Goldman Sachs (GS) to $760 from $713 and keeps an Overweight rating on the shares following the Q4

Apple is exploring partnerships with Barclays and Synchrony to replace Goldman Sachs as its credit card partner as Goldman scales back its consumer finance ambitions.

Analyst Betsy Graseck from Morgan Stanley maintained a Buy rating on Goldman Sachs Group (GS – Research Report) and increased the price target

Goldman Sachs partnered with Apple in 2019 to launch the Apple Card. The Apple Card, while innovative in its integration with Apple’s ecosystem, proved a costly for Goldman. Barclays and Synchrony Financial are reportedly the top contenders of replacing Goldman.

Apple is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, says two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

It's been Goldman Sachs in the background since the Apple Card's launch in 2019. Ever since its introduction in 2019, the Apple Card has been powered

JPMorgan Chase has also been in talks with Apple about the credit card business since last year. Talks with AMEX reportedly stalled, likely due to the financial company’s reluctance to sacrifice its well-known AMEX brand by appearing to be in a secondary position to Apple in the partnership.

The Apple Card, which has now been available in the USA for over five years, needs a new bank. Now there are other candidates.

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Goldman Sachs' CEO David Solomon's 2024 comp rose 26%. He stands to get $80 million in bonuses over the next five years.