Wall Street Breakfast Apple Card gets a new bank
12 snips
Jan 8, 2026 JPMorgan Chase is set to acquire the Apple Card business from Goldman Sachs, marking a significant shift in financial partnerships. Meanwhile, Costco is experiencing a stock rally as traders await tariff decisions. There’s a common mix-up between BlackRock and Blackstone in the context of single-family home ownership, which gets clarified. On another note, January's ‘dash to trash’ suggests that lower-quality stocks may outperform this month, prompting investors to consider specific top picks.
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JPMorgan Takes Over Apple Card
- JPMorgan Chase will become the new issuer of the Apple Card, taking on roughly $20 billion in balances.
- The move further cements Chase's dominance in consumer credit and card issuance volumes.
Design And Financial Impact Highlighted
- The Apple Card was designed as a bridge between physical plastic and Apple Pay with a distinctive metal design and integration with the iPhone.
- Goldman expects the deal to add about $0.46 per share to its Q4 2025 earnings.
Watch Costco Ahead Of Tariff Ruling
- Monitor Costco stock ahead of the Supreme Court tariffs ruling, which could come as soon as Friday.
- Use upcoming tariff decisions as catalysts for short-term trading or portfolio adjustments.