10/15/2019, 5:37 PM (Source: TeleTrader)
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Goldman Sachs praises launch of Apple Card

The chief executive of Goldman Sachs, David Solomon, described the company's launch of the Apple Card "the most successful credit-card launch ever," CNBC reported on his conference call with investors on Tuesday.

"In three short years, we have raised $55 billion in deposits on the Marcus platform, generated $5 billion in loans, and built a new credit-card platform and launched Apple Card, which we believe is the most successful credit-card launch ever," he told shareholders after the bank released its third-quarter results.

Solomon added that there has been a "high level of consumer demand" for the Apple Card, the first Goldman Sachs has ever offered.

Breaking the News / JC