Goldman Sachs announced their Q3 2019 Results today. On the bad side, they lost $80 million on WeWork investment. Goldman initially declined to break out its losses on WeWork, but on a conference call with analysts, Stephen Scherr, the chief financial officer, said Goldman had decided to make the loss public because it had "got quite a bit of notoriety in the press."

On the good side, CNBC reports that Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card "the most successful credit-card launch ever."

Solomon provided investors with an update on the bank’s new initiatives at the start of a conference call 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," Solomon said, adding "which we believe is the most successful credit-card launch ever."

Continuing on the Apple Card, which the bank built in partnership with the iPhone maker, Solomon said that "since August, we’ve been pleased to see a high level of consumer demand for the product. From an operational and risk perspective, we’ve handled the inflows smoothly and without comprising our credit underwriting standards." For more, read the full CNBC report here.

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