Group 1 - Apple announced that JPMorgan Chase will replace Goldman Sachs as the issuer of the Apple Card, with the transition expected to take up to 24 months [1] - The Apple Card will continue to utilize the Mastercard network for payments, and there will be no immediate changes for consumers, including those applying for new cards [1] - JPMorgan expects to acquire over $20 billion in card balances from this deal, while Goldman Sachs is offloading this amount at a $1 billion discount [2] Group 2 - Goldman Sachs anticipates a $2.2 billion provision for credit losses related to the forward purchase commitment for the fourth quarter of 2025 [2] - The partnership between Apple and Goldman Sachs has been under scrutiny for several years, with reports indicating JPMorgan was likely to become Apple's new partner [3] - The Apple Card, launched in 2019, offers features such as no late fees or penalty interest rates, and cashback rewards of up to 3% on purchases from Apple and select partners [3]