Goldman Sachs has lost billions on Apple Card, but it's optimistic

"Goldman as a 2.93% net charge-off rate, double Chase and Bank of America “Charge-offs” are typically after a customer misses payments for six months

More than $16 billion in loan balances

More than a quarter of Goldman’s card loans have gone to people with FICO scores below 660

Goldman is less aggressive (and less successful) at recovering charge-off debt than other banks"