StockNews.AI
JPM
WSJ
13 days

Exclusive | JPMorgan Chase Nears a Deal to Take Over Apple’s Credit-Card Program - WSJ

1. JPMorgan is in talks to acquire Apple's credit-card program. 2. Apple prefers JPMorgan over Goldman Sachs for its card partnership. 3. The deal could solidify JPMorgan's position as the largest credit-card issuer. 4. Negotiations have been ongoing since last year, but no agreement yet. 5. The partnership may enhance Apple’s consumer sales and JP Morgan's customer base.

3m saved
Insight
Article

FAQ

Why Bullish?

Acquiring Apple's credit-card program would enhance JPMorgan's market influence and customer acquisition, boosting its long-term profitability.

How important is it?

The potential deal with Apple is significant for JPMorgan's business growth and market positioning.

Why Long Term?

The partnership's strategic benefits could take time to materialize in financial results, as integration and marketing begin.

Related Companies

Related News