Blankfein said U.S. consumers could pay more or switch to purchasing goods from domestic companies.
The traditionally Wall Street-focused investment bank is pivoting to the consumer market.
Trading revenue fell 18 percent to $3.61 billion in the period.
Analysts at the investment bank warned the new credit card wouldn't be a moneymaker for Apple.
The stakes are high at Wells Fargo to turn the company around.
The card will reportedly be rolled out for employee testing in the next few weeks.
This article was originally published on ETFTrends.com.
Goldman's top brass are worried that 1MDB's liability could implode.
lloyd Blankfein said companies "used to be encouraged to return money to shareholders."
It could ultimately cost former CEO and chairman Lloyd Blankfein and other top executives millions of dollars.
CEO David Solomon makes rare appearance on earnings call.
Goldman shares have best day in 10-years.
Woojae Jung charged with six counts of securities fraud and one count of conspiracy.