1 2026年开年，信用卡行业又传出了「壮士断腕」的消息。 最近，广州银行信用卡中心佛山、东莞、中山、惠州、珠海、江门、深圳七家分中心，获广东金融监管 局批准终止营业，相关业务由总行层面统一运营。 这意味着，在短短一个月时间内，该行信用卡线下分支机构全部关停，成为近年来城商行中对信用卡业 务组织架构调整最为彻底、力度最大的一个案例。 作为一家城商行，广州银行的信用卡体量虽然无法与全国性银行比肩，但也曾是业内瞩目的一匹「黑 马」——自2012年正式发行信用卡之后，到2018年，其信用卡资产规模、营业收入、月均活卡量、总交 易笔数及云闪付用户量均位居城商行第一位。 只是，信用卡业务的滑落显然比扩张来得更快，也更猛。 科技巨头通过占据用户数字生活的入口，掌握了定义产品、分配价值乃至影响用户金融行为的主动权。 它们未必想要成为银行，但它们完全可以，也正在让银行为其生态服务。 ——馨金融 2024年，该行信用卡贷款余额骤降至704.42亿元，同比大幅下降18.11%。手续费及佣金净收入下降 18.52%。其信用卡的「不良率」也在2023年飙升至4.88%，在两年多时间里增长了两倍有余。 规模收缩与风险暴露并行，银行不得 ...

Core Insights - JPMorgan Chase has been selected as the new issuer of the Apple Card, taking over from Goldman Sachs, marking a significant transition in Apple's consumer finance strategy [1][5] - Goldman Sachs' decision to step down is aimed at narrowing its business focus, while the implications for JPMorgan Chase remain uncertain [2][5] - JPMorgan Chase is the largest card issuer in the U.S. by total credit card purchase volume, indicating its capability to manage the Apple Card [6][9] Company Analysis - Goldman Sachs has historically functioned as an investment bank and struggled to establish itself in consumer banking, leading to its retreat from the Apple Card [4][5] - The Apple Card has over 12 million users, which, while not a significant addition to Chase's existing customer base of approximately 150 million cards, still presents opportunities for cross-selling [7][9] - The typical Apple Card user is aged 20 to 40, a demographic that represents about 70% of the user base, making them prime candidates for Chase's higher-end products [9] Financial Implications - The financial specifics of the deal between JPMorgan Chase and Apple regarding the Apple Card are not yet disclosed, making it difficult to assess the potential impact on Chase's financial performance [10] - The addition of new customers from the Apple Card is expected to provide numerous cross-selling opportunities, which could positively influence Chase's stock performance [10]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Quick Summary ChatGPT thinks JPMorgan stock could trade lower over the next 60 days, projecting an average price around $295 by mid-April. Investors looking to express a view can build exposure incrementally using commission-free fractional shares on SoFi, starting with as little as $5, and new users can receive up to $1,000 in free stock. Rather than slowly scaling position size through a retail accou ...

Worldwide gross dollar volume (GDV) increased 7% year-over-year on a local currency basis, including 4% growth in the U.S. and 9% growth outside the U.S.CFO Sachin Mehra said the quarter’s results reflected “continued growth in our payment network and our value-added services and solutions,” noting acquisitions contributed 1 percentage point to net revenue growth and about 3 percentage points to value-added services and solutions growth.CEO Michael Miebach said Mastercard closed 2025 with “a lot of activity ...

Core Insights - A 30-year-old Reddit user is actively following financial advice to manage credit card debt but is still struggling due to high-interest rates [3][4][9] - The user earns $50,000 annually but takes home about $37,000 after deductions, while carrying approximately $28,000 in credit card debt with interest rates between 24% and 25% [4][9] - Despite taking proactive steps like opening a balance transfer card and negotiating lower interest rates, most of the debt continues to compound at high rates [6][7] Financial Situation - The user has $25,000 on a Discover card, $1,800 on an AmEx, and $1,600 on an Apple Card, in addition to $58,000 in student loans and various monthly payments [5] - Monthly obligations include an $800 payment for student loans, a $300 car payment, and $150 for car insurance [5] Debt Management Strategies - The user has opened a $3,000 balance transfer card with 0% APR for 21 months, planning to pay it off within eight months [6] - Discover has temporarily lowered the user's interest rate to 9.9% for six months, which is a positive step [6] - The upcoming end of the car payment will free up an additional $300 per month, providing some relief [6] Need for Professional Guidance - The situation highlights the importance of consulting a financial advisor to navigate complex debt, income, and cash flow dynamics [8][9] - For individuals managing debt effectively but still facing challenges from high interest, exploring debt-consolidation options may be beneficial [9]

You go over there, and you come over here. Two of Wall Street’s heavy hitters have done a bit of reorganizing in their wealth and asset management units. Goldman Sachs added seven leaders from its wealth and asset business to the company’s management committee, the firm’s top decision-making panel, according to a statement. Meanwhile, BNY announced earlier this week that it would promote multiple executives to accelerate growth in its wealth unit. The moves elevate the wealth and asset management busine ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Goldman Sachs’ board has approved $47 million in compensation for CEO David Solomon in 2025, the bank disclosed Friday. The pay package represents a 20.5% raise over the $39 million Solomon received for 2024, and likely will make him the highest-paid CEO among the six largest U.S.-based banks. Goldman’s disclosure comes a day after JPMorgan Chase anno ...

Group 1: Core Insights - The fintech industry presents significant investment opportunities, particularly through established companies with strong market positions [1] - Apple has over 1 billion active iPhones globally, providing a substantial distribution advantage for its financial services [2] - Apple Pay, launched in 2014, is available in 89 markets and processes trillions of dollars in annual payment volume [3] Group 2: Financial Services Expansion - The Apple Card, introduced in 2019, has a credit card portfolio valued at $20 billion, recently sold by Goldman Sachs to JPMorgan Chase, highlighting the value of access to Apple customers [4] - Apple offers a savings account linked to the Apple Card, currently yielding 3.65% [4] Group 3: Market Performance - Apple's current market capitalization is $3.6 trillion, with a current stock price of $248.04 [5][6] - The stock has a gross margin of 46.91% and a dividend yield of 0.42%, but is considered expensive, suggesting investors should wait for a price pullback before investing [6]

A strong resurgence in investment banking and trading activities resulted in a strong showing for the banks in the December 2025 quarter. Notably, even amid this robust performance, Goldman Sachs (GS) stood out in particular. Not only did its earnings handily beat Street expectations, but the banking major also increased its quarterly dividend by 12.5% to $4.50 per share. The increased dividend will be paid on March 30 to shareholders of record on March 2. Notably, the company has been raising dividends ...

Group 1 - The "Big Six" US banks (JPM, BAC, C, WFC, MS, GS) reported strong Q4 2025 profits, with half of them missing revenue expectations due to one-time charges [1] - Investment banking showed a resurgence, and loan demand remained strong despite falling interest rates and significant restructuring charges [2] - Most banks exceeded EPS estimates, but market reactions were muted or negative due to cautious 2026 guidance and rising operational costs related to AI investments [3] Group 2 - Bank of America reported a 12% profit increase driven by record net interest income, while JPMorgan and Citigroup managed one-time cleanup costs to signal a clearer path forward [4] - As of now, 7% of S&P 500 companies have reported results, with a blended EPS growth rate of 8.2% and revenue growth expectations rising to 7.8% [5] - The Late Earnings Report Index (LERI) indicates that CEOs are more confident than ever, with a record low reading of 46 for Q4 earnings season [6][8] Group 3 - The peak earnings season for Q4 is expected to run from January 26 to February 27, with over 1,000 reports anticipated each week [11] - Upcoming earnings releases include 35 S&P 500 companies and 577 companies in the global universe of 11,000 equities [9]