Key Takeaways JPMorgan is expected to post solid Q4 results, with earnings projected to rise 4.2% year over year.Trading and IB gains and higher NII are likely to offset pressure from elevated costs and provisions.Operating expenses and a premium valuation versus peers may hurt near-term stock performance.JPMorgan (JPM) is slated to report fourth-quarter and full-year 2025 earnings on Jan. 13. As the largest U.S. bank, its earnings are closely watched for clues about the broader financial sector and are oft ...

Group 1 - JPMorgan Chase & Co. is set to release its fourth-quarter earnings results on January 13, 2025, with expected earnings of $5.01 per share, an increase from $4.81 per share in the same period last year [1] - The consensus estimate for JPMorgan's quarterly revenue is $46.25 billion, up from $42.77 billion a year earlier [1] - Apple Inc. has selected JPMorgan as the new issuer of the Apple Card, ending Goldman Sachs' involvement, which significantly impacts the consumer finance strategies of all three companies [2] Group 2 - Truist Securities analyst John McDonald maintained a Hold rating and increased the price target from $330 to $331 [4] - Barclays analyst Jason Goldberg maintained an Overweight rating and raised the price target from $342 to $391 [4] - Keefe, Bruyette & Woods analyst David Konrad maintained an Outperform rating and increased the price target from $354 to $363 [4] - Wells Fargo analyst Mike Mayo maintained an Overweight rating and raised the price target from $345 to $350 [4] - Morgan Stanley analyst Betsy Graseck maintained an Equal-Weight rating and increased the price target from $336 to $338 [4]

JPMorgan Chase & Co. (NYSE:JPM) will release earnings results for the fourth quarter, before the opening bell on Tuesday, Jan. 13, 2025.Analysts expect the bank to report quarterly earnings at $5.01 per share, up from $4.81 per share in the year-ago period. The consensus estimate for JPMorgan’s quarterly revenue is $46.25 billion, up from $42.77 billion a year earlier, according to data from Benzinga Pro.Apple Inc. (NASDAQ:AAPL) has chosen JPMorgan as the new issuer of the Apple Card, ending Goldman Sachs’ ...

Core Insights - JPMorgan Chase has become the new issuer of the Apple Card, replacing Goldman Sachs, which involves a transition of a $20 billion portfolio and maintains Mastercard as the network [3] - Apple is leveraging the Apple Card to enhance its ecosystem strategy, integrating financial services into its hardware offerings to foster daily consumer engagement [1][5] - The trend towards embedded finance is growing, with 99.8% of surveyed companies offering at least one embedded finance capability, and 69% adopting banking features [10] Group 1: Apple and JPMorgan Chase Collaboration - The partnership allows JPMorgan Chase to position banking and savings services closer to consumers within the Apple ecosystem, facilitating cross-selling opportunities [6][11] - The Apple Card is designed to provide real-time visibility into spending and rewards, reinforcing its role as a key financial product within the Apple Wallet [5] - Consumers are increasingly comfortable accessing financial services within nonbank digital environments, preferring integrated financial tools over standalone banking apps [8] Group 2: Market Dynamics and Embedded Finance - The shift towards embedded finance is becoming foundational across industries, with companies embedding financial services to strengthen customer relationships and improve user experience [9][10] - Banks that successfully integrate services into dominant consumer ecosystems can achieve stickier balances and richer behavioral data, enhancing customer engagement [13] - The competitive landscape for deposits is intensifying, making embedded banking a strategic necessity for financial institutions [11][12]

danielvfung/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify JPMorgan Chase acquiring the Apple Card business from Goldman Sachs. (0:15) Costco rallying ahead of tariffs decision. (1:19) BlackRock is not Blackstone. (1:46) This is an abridged transcript of the podcast: Our top story so far, JPMorgan Chase (JPM) has struck a deal to acquire the Apple (AAPL) credit card program from Goldman Sachs (GS), further cementing Chase’s already dominant position in consu ...

Key Takeaways JPMorgan will acquire the Apple Card portfolio, totaling over $20B in card balances.The transition is expected to take ~24 months, pending regulatory approvals.The deal strengthens JPM's co-brand card business and deepens its Apple partnership. JPMorgan Chase & Co. (JPM) and Apple Inc. (AAPL) recently announced that JPM will become the new issuer of Apple Card, replacing Goldman Sachs (GS) . The transition is expected to be completed in approximately 24 months, subject to customary regulatory ...

Key Takeaways Chase will take over as issuer for Apple Card, with the transition completing in about 24 months. AAPL's Services revenue rose 14% in fiscal 2025, driven by Apple Pay, TV , and Arcade expansion. AAPL faces fintech pressure from GOOGL's Wallet and AFRM's growing buy now, pay later offerings.Apple (AAPL) and Chase announced that the latter will assume the role of issuer for Apple Card, with the transition expected to be completed in roughly 24 months. During this period and beyond, Apple Card us ...

Core Insights - Apple has launched its own credit card, the Apple Card, in partnership with Goldman Sachs, aimed at enhancing customer loyalty and providing financial services to its users [1][2] Product Overview - The Apple Card has no annual fee and offers a cash-back rewards structure, with 3% cash back on Apple purchases and select merchants when using Apple Pay, 2% cash back on all Apple Pay purchases, and 1% cash back on other purchases [4][18] - The card allows users to save cash back in a high-yield savings account, providing an opportunity to earn interest on rewards [5][10] - Users can opt for Apple Card Monthly Installments to make large purchases interest-free, while still earning cash back [6][11] Rewards Structure - To maximize rewards, users are encouraged to use Apple Pay, which is accepted at 85% of merchants in the U.S. [12][19] - The card's rewards are issued as daily cash back, which can be redeemed in various ways, including direct deposits into a savings account or Apple Cash [10][37] Benefits and Limitations - The Apple Card offers simplicity in earning and redeeming rewards, with no foreign transaction fees and no promotional APR [18] - However, it lacks additional benefits found in other credit cards, such as travel insurance or bonus reward categories, which may limit its appeal to some consumers [13][18] Target Audience - The Apple Card is particularly suited for users who frequently shop with Apple and prefer a straightforward cash-back rewards system [11][12] - It may not be the best option for those who prioritize travel rewards or have existing cash-back cards that better align with their spending habits [14][13]

JPMorgan has replaced Goldman Sachs as the issuer of "Apple Card,†marking a significant shift in the tech titan's financial services strategy. On the surface, it's a seismic shift that offers Apple Inc. (NASDAQ: AAPL) a stronger, more stable banking partner with unmatched scale, credibility, and infrastructure. In short, the switch is strategically sound, but financially modest – leaving AAPL stock largely unaffected. The switch was not Apple's decision in the first place Copy link to section However, the d ...

苹果公司（AAPL）周四早盘下跌1.5%。该公司选择摩根大通（JPM）在大约24个月的过渡期内从高盛 （GS）手中接管Apple Card的发行；该信用卡将继续使用万事达（MA）网络，并涉及约200亿美元的 余额转移。 责任编辑：张俊 SF065 苹果公司（AAPL）周四早盘下跌1.5%。该公司选择摩根大通（JPM）在大约24个月的过渡期内从高盛 （GS）手中接管Apple Card的发行；该信用卡将继续使用万事达（MA）网络，并涉及约200亿美元的 余额转移。 责任编辑：张俊 SF065 ...