
JPMorgan to Take Over Apple Card from Goldman, Expands Its Card Empire as Goldman Exits Consumer Lending🔥54
1/7/2026•Business > Mergers & Acquisitions
- •The deal ends Goldman’s consumer-lending push launched in 2019.
- •JPMorgan becomes the new issuer for both new and existing Apple Cardholders.
- •Mastercard will remain the payment network on the card.
- •Goldman is selling about \$20B in balances at a discount exceeding \$1B.
- •The discount reflects higher delinquency rates and subprime exposure.



