"JPMorgan Chase and Apple on Wednesday announced a deal under which the bank will become the new issuer of the ​Apple Card, replacing Goldman Sachs, further expanding the biggest U.S. bank's credit ‌card franchise. The move is estimated to bring over $20 billion in card balances to Chase's platform once completed, the companies said. JPMorgan expects to record a $2.2 billion provision for ⁠credit losses in the fourth ‌quarter of 2025 tied to the forward purchase commitment of the portfolio."