Goldman Sachs is walking away from its high-profile Apple Card partnership and simultaneously handing more cash to shareholders, a one-two move that signals a decisive reset of its consumer ambitions.

Tim Cook announced the Apple Card in 2019. On the surface, it seemed like the perfect pairing of premium brands. But Goldman Sachs' work with Apple on a cobranded credit card didn't go so smoothly.

Goldman Sachs (GS) just sent Wall Street a clear message: we're done experimenting with consumer banking, and we're doubling down on what we do best. The investment banking powerhouse also announced a ...

Goldman Sachs (GS) has reached an agreement to move its Apple Card business to Chase (JPM) in a deal that brings the company one step closer to ending its years-long foray deeper into the consumer ...

Chase says it has the data and experience to manage Apple Card's subprime portfolio after Goldman Sachs lost billions on the partnership.

Goldman Sachs (NYSE:GS) Q4 earnings beat the consensus estimate, but its revenue missed Wall Street expectations due to markdowns related to its pending sale of the Apple (AAPL) credit card portfolio ...

The Apple Credit Card combines excellent rewards with a consumer-friendly app. If you use Apple Pay or are an Apple devotee, ...

Goldman Sachs expects its fourth-quarter results to get a boost from its exit from its Apple credit-card program. The firm forecasts the exit will result in a 46 cent increase to earnings per share in ...

UPDATE: This story includes comments that Goldman Sachs CEO David Solomon made on the company's earnings call, as well as analysis from RBC Capital Markets analyst Gerard Cassidy. Goldman Sachs soared ...

Last week, Apple officially announced that Chase is set to take over Apple Card, ending its deal with Goldman Sachs. A new report from The Wall Street Journal, based on conversations with “20 people ...