JPMorgan Chase (JPM) in Advanced Talks to Take Over Apple's Credit Card Program from Goldman Sachs, WSJ Reports

JPMorgan Chase & Co. (NYSE:JPM) is one of the top most profitable NYSE stocks to buy now. On July 29, Reuters reported that JPMorgan Chase & Co. (NYSE:JPM) is in advanced talks to take over Apple’s credit card program from Goldman Sachs, according to a Wall Street Journal report. Goldman Sachs and JP Morgan refused to comment on the Journal’s report.

The report further stated that talks between the tech giant and the largest US bank were initiated last year, with Goldman Sachs looking to “unwind a partnership that had once been a cornerstone of its consumer banking strategy”.

JPMorgan Chase & Co. (NYSE:JPM) is a financial holding company that provides financial and investment banking services. The company focuses on commercial banking, investment banking, financial transaction processing, asset management, and more.

Its operations are divided into the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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Disclosure: None. This article is originally published at Insider Monkey.