Mastercard stock slips as Apple taps JPMorgan for Apple Card — and keeps Mastercard network
Mastercard shares fell 0.2% after Apple named JPMorgan Chase as the new Apple Card issuer, replacing Goldman Sachs. Mastercard will remain the payment network for the card. Visa and American Express also traded lower, while the broader market rose. The transition is expected to take up to 24 months, pending regulatory approval.