After more than three years of partnership, Goldman Sachs will hand over management of the cobranded Apple credit card to JPMorgan Chase. Sources indicate that JPMorgan will assume approximately $20 billion in outstanding card balances, having negotiated a purchase price more than $1 billion below face value. The transition follows lengthy discussions with Apple and Goldman and is expected to close in the first half of 2026. JPMorgan’s larger consumer-lending platform and deeper retail banking footprint are viewed as critical to improving the digital-only card’s activation rates and customer service metrics, which have lagged industry peers under Goldman’s tenure.

Disclosure records show that on December 16, U.S. Senator Shelley Moore Capito or her spouse divested between $1 000 and $15 000 worth of Apple shares. This sale marked one of three disposals that day, alongside positions in two other major technology firms. The senator’s trading history for 2025 includes multiple buys and sells in Apple, making this December sale part of an ongoing pattern. Investors will watch for any further trades in 2026, as such congressional activity can influence market sentiment around one of the world’s largest public companies.

SEC filings reveal that prior to stepping down as CEO at the start of 2026, Warren Buffett’s Berkshire Hathaway sold a significant portion of its Apple holdings. Between July and November 2025, Berkshire reduced its Apple position by roughly 70 percent, shifting tens of billions of dollars into other investments. Management commentary suggests the move reflected concerns about valuation—Apple’s forward price-earnings multiple had risen well above its historical average—and a preference to redeploy capital into what Buffett deemed more attractively priced opportunities, including a new stake in a leading search-advertising company.