Yahoo Finance·2026-01-08 14:09Core Insights - The Apple Card will now be issued by JPMorgan, but Apple assures users that there will be no changes to their experience [1][4] - The transition marks a significant shift in the credit card landscape, with JPMorgan solidifying its position as the leading credit card issuer in the U.S. [3] Group 1: Company Transition - The Apple Card was previously managed by Goldman Sachs since its launch in 2019, but the company has been looking to divest from consumer products [2] - The card features a unique design with no number on the front and the user's name etched in metal, integrating physical and virtual payment methods [2] Group 2: JPMorgan's Position - JPMorgan is the top U.S. credit card issuer in 2024, with over $1.344 trillion in purchase volume, marking its sixth consecutive year in this position [3] - The acquisition of the Apple Card is expected to bring over $20 billion in estimated card balances to JPMorgan's Chase platform [3] Group 3: Financial Implications - Goldman Sachs anticipates a 46 cents per share increase in its 2025 fourth-quarter earnings due to the transaction, despite some offsetting losses [5] - The transaction will involve a release of $2.48 billion in loan loss reserves, countered by a reduction in net revenues of $2.26 billion related to the credit card loan portfolio [5]