Goldman Sachs' Pivot from Consumer Lending Seen as Positive -- Market Talk

Dow Jones01-10

1506 ET - Goldman Sachs' exit from the consumer lending space with the end of the bank's partnership with Apple Card is a positive, especially considering that the company left the partnership with a gain rather than a feared multi-billion-dollar loss, BMO analyst Brennan Hawken writes in a note. "The transaction removes a non-core exposure, simplifies the story, and reinforces focus on core franchises," Hawken writes, adding that it reduces headline risk and operational complexity. "The sale completes GS's exit from consumer credit ambitions and underscores its pivot toward higher-return, lower-volatility core businesses." (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

January 09, 2026 15:07 ET (20:07 GMT)

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