Chase Bites on Apple: Big Gets Bigger (and Probably Better)

Eight days into 2026, what is likely to be one of the most significant events in U.S. credit cards is here. Goldman Sachs, having agreed to offload its stewardship of the Apple Card, can refocus on its roots as a leader in mergers and acquisitions by exiting its long-troubled but massive credit card business. And JPMorgan Chase, having acquired the Apple portfolio at a steep discount, can raise the bar as a universal bank that has mastered the credit card business.

Companies Mentioned:

Apple, Barclays, Cadence Bank, Chase, GM, GreenSky, Huntington Bank, Lending Club, Mastercard, On Deck, HDFC Bank in India, Qatar National Bank, Santander, Synchrony, Walmart