智通财经网·2026-01-08 03:43Group 1 - Morgan Stanley will replace Goldman Sachs as Apple's credit card partner, marking the end of Goldman's costly attempts in consumer finance [1] - The transition of the portfolio is expected to be completed in approximately two years, with Goldman Sachs anticipating a $0.46 increase in earnings per share for Q4 [1] - Goldman Sachs will release $2.48 billion in loan loss reserves, offset by a $2.26 billion loss in net income due to impairment of the credit card loan portfolio and contract termination [1] Group 2 - Apple maintains a consumer-centric financial services strategy and continues to dominate the digital wallet space, with Mastercard remaining as the payment network partner for the credit card [2] - The deal with Morgan Stanley is expected to include approximately $20 billion in outstanding credit card balances, with discounts exceeding $1 billion [2] - Apple had previously engaged with other potential lending partners, including Synchrony Financial and Capital One Financial Corp [2]