Goldman Sachs stock slips after Apple Card handoff to JPMorgan — what Wall Street watches next
Goldman Sachs will transfer the Apple Card program to JPMorgan Chase over 24 months, ending its role as issuer. Goldman expects a $0.46 boost to Q4 2025 EPS, offset by $2.26 billion in loan markdowns and contract costs. GS shares fell 0.66% to $934.83 Thursday. JPMorgan said it will take on over $20 billion in card balances and book a $2.2 billion credit loss provision.