Apple In Advanced Talks With JPMorgan To Replace Goldman Sachs For Credit Card Program: Report
Synopsis
According to a report by The Wall Street Journal, the deal hasn’t been finalized yet, and the negotiations could still come undone given the “number of challenges” associated with Apple’s credit-card program.
JPMorgan (JPM) is reportedly in advanced talks with Apple (AAPL) to take over the tech giant’s credit-card program.
According to a report by The Wall Street Journal, the discussions have gained pace in recent months, with Apple telling JPMorgan it would likely replace Goldman Sachs (GS). It added that the deal hasn’t been finalized yet and that the negotiations could still come undone given the “number of challenges” associated with Apple’s credit-card program.
Apple’s stock edged 0.5% lower in morning trade with retail sentiment on Stockwits dipping lower within ‘bullish’ territory over the past day.
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Read also: Apple Could Get A $65 Billion Boost From Foldable iPhone Launch In 2026, Says JPMorgan
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