New York, Jan 8, 2026, 12:43 EST — Regular session
- Mastercard shares rose as investors weighed Apple’s plan to shift the Apple Card issuer to JPMorgan while keeping Mastercard as the network
- Apple and JPMorgan said the transition is expected to take about 24 months and is subject to regulatory approval
- Mastercard’s next quarterly dividend is due Feb. 9, with a Jan. 9 shareholder record date
Mastercard Incorporated shares rose on Thursday after Apple said JPMorgan Chase will become the new issuer of the Apple Card while Mastercard remains the payment network. Mastercard stock was up about 0.8% at $584.47 in midday trading. 1
The Apple Card is a rare, high-profile co-brand in U.S. consumer finance, and networks fight hard to keep those deals. For Mastercard, staying on as the “payment network” — the rails that route card purchases between merchants and banks — helps ring-fence volumes even as the issuing bank changes.
Apple and Chase said the handover should take roughly 24 months. Linda Kirkpatrick, Mastercard’s president of the Americas, said the company was “thrilled to work with Apple and Chase” and looked forward to delivering “simple, secure, and seamless payments at global scale.” 2
The move came in a mixed tape for big financials and tech-linked names. Visa was down about 0.3%, while an S&P 500 proxy was little changed and a Nasdaq proxy slipped roughly 0.7%.
Separately, Mastercard’s board has declared a quarterly cash dividend of 87 cents a share, payable on Feb. 9 to shareholders of record on Jan. 9 — a record date is the cutoff used to determine who gets the dividend. The company also approved a new $14 billion share repurchase program, a buyback that allows it to retire stock over time. 3
JPMorgan’s scale matters here, and not just to Goldman Sachs, which is exiting the partnership. JPMorgan was the top U.S. credit card issuer in 2024 with more than $1.344 trillion in purchase volume, the Associated Press reported, giving Apple a new partner with deep reach in cards. 4
But the Apple Card shift is not a done deal. The parties have said it needs regulatory approval, and a 24‑month runway leaves room for tweaks in economics, product features or marketing push that could change what the deal means for transaction flows.
Investors now turn to Friday’s Jan. 9 shareholder record date for Mastercard’s dividend, and to any new detail on how the Apple Card transition will be structured as the big banks start reporting results over the next few weeks.
