JP Morgan Chase's Q4 profits dropped 7%, chiefly because of it starting the funding process to take over running Apple Card . Apple Card is moving to JP Morgan Chase After years of Goldman Sachs losing money on the Apple Card, JP Morgan Chase has taken over the deal, and consequently taken a hit to its profits. According to the Wall Street Journal , JP Morgan Chase's profits fell 7% to $13 billion, for the fourth quarter of 2025. There were reasons including an unexpected fall in investment banking fees, but the single largest issue was Apple Card. Continue Reading on AppleInsider | Discuss on our Forums