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Goldman Sachs Exits Apple Card; JPMorgan Poised to Take Over

1/4/2026

23 5 Full Breakdown

Summary

Story summary

Goldman Sachs seeks to exit its Apple Card partnership after losses totaling at least $1 billion.
JPMorgan Chase is the leading candidate to take over, with American Express and Capital One mentioned.
Apple Card has a high share of subprime borrowers, with a 4% delinquency rate.
If a new lender takes over, terms could change, possibly adding late fees.
The partnership is set to end in 2026 after negotiations.

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Story summary

Goldman Sachs seeks to exit its Apple Card partnership after losses totaling at least $1 billion.
JPMorgan Chase is the leading candidate to take over, with American Express and Capital One mentioned.
Apple Card has a high share of subprime borrowers, with a 4% delinquency rate.
If a new lender takes over, terms could change, possibly adding late fees.
The partnership is set to end in 2026 after negotiations.