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JPMorgan Chase is taking over Apple Card

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· 1d · on MSN

Apple Card taken over by JPMorgan. Why Goldman has exited the credit partnership.

The deal ends a failed experiment in consumer lending for Goldman Sachs, which launched a card with Apple in 2019.

· 2d · on MSN

JPMorgan Chase reaches deal to take over Apple credit card

GlobalData on MSN · 1d

JPMorgan to take over Apple credit card from Goldman Sachs

· 2d

JPMorgan to replace Goldman as Apple Card issuer

JPMorgan Chase (JPM.N) has reached a deal to take over Apple credit-card program from Goldman Sachs (GS.N), the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

· 2d

Chase is taking over Apple’s credit card

· 1d

After clinching Apple Card sale to JPMorgan, Goldman Sachs nears the end of its years-long consumer headache

· 1d

Apple Card is being taken over by Chase. Here’s what it means for users

The shift solidifies JPMorgan’s dominance in the credit card sector.

· 1d

JPM to Take Over Apple Card, Plans to Record a $2.2B Provision in Q4

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JPMorgan Chase becomes the new issuer of the Apple Card

Jamie Dimon's Grip On US Credit Card Dominance Grows As JPMorgan Wins Apple Card Business From Goldman Sachs

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.

Apple Card shake-up may finally happen this year: Here’s the latest

Right now, JPMorgan Chase is the “preferred choice” for taking over the Apple Card partnership, per The Wall Street Journal. This report is from July, though it serves as the latest news. That said, a deal is yet to be signed. One of the key challenges with the takeover is Apple Card’s high percentage of subprime customers.