JPMorgan Chase Could Take Over Apple Credit Cards From Goldman, WSJ Reports
Posted on AllSides September 17th, 2024
From The Center
JPMorgan Chase (JPM) could take over as the backer of Apple’s (AAPL) credit-card program after the tech giant and Goldman Sachs (GS) moved to part ways last year, according to The Wall Street Journal. Goldman and Apple have reportedly had discussions with a number of other banks—including Synchrony Financial (SYF), Capital One (COF) and American Express (AXP)—about taking over as the iPhone maker's banking partner. A deal with J.P. Morgan isn't guaranteed, the Journal reported, with details including what JPMorgan would pay still being discussed. J.P. Morgan declined to comment...