Shulou(Shulou.com)11/24 Report--

CTOnews.com July 20 news, According to Goldman Sachs disclosed the second quarter of 2023 earnings, Show that consumer credit products including Apple Card still have problems, resulting in a net loss of 667 million US dollars (currently about 4.789 billion yuan), Pre-tax loss of 872 million US dollars (currently about 6.261 billion yuan).

CTOnews.com Note: Goldman Sachs 'consumer credit business unit is called Platform Solutions and covers Apple Card, several GM credit cards, and other Goldman Sachs consumer banking services.

The report showed that although the division's revenue increased, credit losses were very serious, with credit losses of $544 million (CTOnews.com Note: currently about 3.906 billion yuan) and operating expenses of $987 million (currently about 7.087 billion yuan).

It's unclear how much of the damage came from Apple Card, but it's believed to be significant. If combined with the first-quarter loss, the division's first-half loss for the year amounted to $915 million.

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