JP MORGAN CHASE(US:JPM) Ge Long Hui A P P·2026-01-13 12:17Core Viewpoint - JPMorgan Chase reported a decline in fourth-quarter profits due to a one-time charge related to its partnership with Goldman Sachs for the Apple credit card [1] Financial Performance - For the three months ending December 31, net profit fell to $13 billion, with earnings per share at $4.63, compared to $14 billion and $4.81 in the same period last year [1] - Excluding the one-time charge, JPMorgan's actual profit for the quarter increased to $14.7 billion, with earnings per share at $5.23, primarily driven by strong performance in trading [1] Strategic Moves - JPMorgan entered into an agreement with Apple to become the new issuer of the Apple credit card, which is expected to strengthen its position in the credit card market [1] - This transaction adds to CEO Jamie Dimon's strategic achievements in positioning the bank as a leader in both retail and investment banking [1] Provisions - The bank announced a provision of $2.2 billion for credit losses related to the credit card portfolio in the fourth quarter [1]