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]

Group 1: JPMorgan Chase and Apple Card Acquisition - JPMorgan Chase has agreed to acquire the Apple credit card program from Goldman Sachs, enhancing its position in consumer credit [5][6] - The Apple Card, which has approximately $20 billion in balances, will continue to offer key features such as 3% cash back and a high-yield savings account until the deal closes in about two years [6] - This acquisition reinforces JPMorgan's dominance in the credit card market, as it was the top U.S. issuer in 2024 with over $1.344 trillion in purchase volume [7] Group 2: Goldman Sachs Earnings Impact - Goldman Sachs anticipates that the acquisition will contribute approximately $0.46 per share to its Q4 2025 earnings [7] Group 3: Costco and Tariffs - Costco Wholesale is experiencing a rally following a strong December sales report, with expectations of a favorable resolution on tariffs potentially coming soon [8] Group 4: Snowflake Stock Upgrade - Snowflake has seen an increase in stock value after Argus Research upgraded it to Buy from Hold, setting a price target of $300, citing its importance for enterprises in generative and agentic AI applications [9] Group 5: BlackRock and Blackstone Clarification - BlackRock is mistakenly associated with large-scale single-family rental ownership, but it does not purchase or own single-family rental homes; this is primarily the domain of Blackstone [10][11] Group 6: January Stock Performance Insights - BofA notes that lower-quality stocks have historically outperformed higher-quality stocks in January, with a significant trend observed since 1987 [12] - The analysis highlights that funds are entering January with elevated quality exposure, while low-quality stocks that are underweight in long-only funds but rated Buy by BofA analysts include Amcor, Camden Property Trust, Healthpeak Properties, Devon Energy, and Hasbro [13]

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]

Alphabet Inc. (NASDAQ:GOOG), the parent company of Google, has eclipsed Apple (NASDAQ:AAPL) in market value for the first time since 2020. As of the close of trading on Wednesday, Alphabet’s valuation reached an impressive $3.88 trillion, narrowly edging out Apple’s $3.84 trillion. This reversal comes amid a surge in Alphabet’s shares, reportedly fueled by growing enthusiasm for its advancements in artificial intelligence.Meanwhile, Apple grapples with a downturn in investor sentiment following stock declin ...

The Apple Card, known for its intuitive features and other perks for consumers, will now be issued by JPMorgan but Apple says nothing will change for users. The handover to JP Morgan brings together companies that play an increasingly large role in the way people pay for everything from utility bills to socks using phones, tablets or watches. Apple said that features including 3% cash back on purchases and high-yield savings account affiliated with the card, will remain. The card has been overseen by G ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: JPMorgan Chase will become the issuer of Apple’s credit card under a deal announced late Wednesday, with the card remaining on Mastercard’s payment network as current issuer Goldman Sachs exits the consumer lending sphere. The transition for the $20 billion card portfolio marries the tech behemoth’s base of customers for Apple smartphones, watches an ...

Key insights: JPMorganChase is taking over the Apple Card from Goldman Sachs.What's at stake: The deal ends more than a year of speculation about which credit card issuer would take over Apple's coveted $20 billion credit card portfolio.Forward look: The transition will take about two years, but JPMorgan is logging a $2.2 billion provision for credit losses to prepare for potential credit hits.The Apple Card has found a new home at JPMorganChase , the country's largest credit card issuer, the bank announced ...

Apple (AAPL) is a global technology company that designs and sells smartphones, computers, tablets and wearables as well as offers a fast-growing portfolio of high-margin services. Its ecosystem spans iPhone, Mac, iPad, Apple Watch, Apple TV, and more, as well as platforms like the App Store, iCloud, Apple Music, Apple Pay, and Apple TV+, making hardware a gateway into recurring subscription revenue. Founded in 1976, Apple is headquartered in Cupertino, California. The company operates and sells products ...