Goldman Sachs stock slips after Apple Card handoff to JPMorgan — what Wall Street watches next
New York, Jan 8, 2026, 20:58 EST — Market closed The Goldman Sachs Group Inc (GS) is handing the Apple Card to JPMorgan Chase’s (JPM) Chase unit, ending the Wall Street bank’s stint as issuer of the co-branded card, the companies said. Goldman shares slipped 0.66% to $934.83 on Thursday. Mastercard will remain the payment network. The handoff lands just ahead of earnings, and it sharpens Goldman’s retreat from consumer lending, a push that has drawn investor scrutiny for years. “This transaction substantially completes the narrowing of our focus in our consumer business,” Chief Executive David Solomon said. Goldman Sachs