News Brief: JPMorgan to Take Over Apple Card from Goldman Sachs
Summary
JPMorgan Chase has agreed to acquire the Apple Card portfolio from Goldman Sachs, marking a significant shift in the consumer credit landscape. The deal concludes Goldman’s retreat from mainstream consumer finance and expands JPMorgan’s dominance in credit cards.
Key Points
- Deal Announcement: JPMorgan and Goldman Sachs separately confirmed the agreement for JPMorgan to become the new issuer of the Apple Card.
- Timeline & Financials: The transition will take ~24 months. JPMorgan will book a $2.2B provision for credit losses in Q4 2025. Goldman expects a $0.46 per share earnings boost next week.
- Portfolio Size: JPMorgan will acquire over $20 billion in card loans from Goldman.
- Customer Experience: Card perks and the Mastercard network will remain unchanged for users.
- Strategic Shift for Goldman: The move allows Goldman to exit a troubled consumer venture and refocus on its core business, as stated by CEO David Solomon.
- JPMorgan’s Position: The deal reinforces JPMorgan’s lead in U.S. credit cards and deepens its partnership with Apple, potentially including a future Apple savings account.
- Deal Dynamics: JPMorgan was the last major bank in negotiations and is acquiring the portfolio at a discount exceeding $1 billion, partly due to its riskier borrower profile.
新闻简报：摩根大通将从高盛手中接管苹果信用卡
总结
摩根大通已同意从高盛手中收购苹果信用卡业务，这标志着消费信贷格局的重大转变。此举结束了高盛在主流消费金融领域的尝试，并扩大了摩根大通在信用卡市场的主导地位。
关键点
- 交易宣布：摩根大通和高盛分别确认了由摩根大通成为苹果信用卡新发卡行的协议。
- 时间线与财务影响：过渡期约24个月。摩根大通将在2025年第四季度财报中计入22亿美元的信贷损失拨备。高盛预计下周公布的业绩将因此获得每股0.46美元的收益提升。
- 业务规模：摩根大通将从高盛收购超过200亿美元的信用卡贷款组合。
- 客户体验：用户的卡片权益和万事达卡网络支持将保持不变。
- 高盛的战略转向：此举使高盛得以退出陷入困境的消费金融业务，重新聚焦其核心业务，正如其首席执行官大卫·所罗门所言。
- 摩根大通的地位：该交易巩固了摩根大通在美国信用卡市场的领先地位，并深化了与苹果的合作，未来可能包括推出苹果储蓄账户。
- 交易内情：摩根大通是谈判中最后剩下的大型银行，并以超过10亿美元的折扣收购此贷款组合，部分原因是其借款人信用风险较高。
Original Article Link: https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html