Apple Inc. (NASDAQ:AAPL) has chosen JPMorgan Chase (NYSE:JPM) as the new issuer of the Apple Card, ending Goldman Sachs' (NYSE:GS) role in a move that significantly reshapes the consumer finance ambitions of all three companies. JPMorgan Chase Takes Over Apple Card From Goldman Sachs On Wednesday, JPMorgan Chase announced that it has reached an agreement with Apple to become the new issuer of the Apple Card, replacing Goldman Sachs. The deal expands the largest U.S. bank's already massive credit card busi ...

Key Takeaways Goldman agreed to exit the Apple Card program, with transition expected over the next 24 months.GS expects a 46-cent EPS lift in 4Q25 from $2.48B releases, offset by $2.26B markdowns and $38M costs.Goldman will keep running Apple Card during the transition and continue recording portfolio results.The Goldman Sachs Group, Inc. (GS) announced an agreement to end its long-standing partnership with Apple Inc. (AAPL) and transition the Apple Card program and associated accounts to JPMorgan (JPM) . ...