JPMorgan Chase has taken over as the issuer for the Apple Card, replacing Goldman Sachs, integrating it deeper into consumer payments and everyday spending. This move places JPMorgan at the core of Apple’s consumer credit offerings, potentially expanding its banking and card services to Apple Card users. Despite recent soft momentum in its share price, Simply Wall St estimates NYSE:JPM is trading approximately 22.3% below its fair value.
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JPMorgan Wins Apple Card Role And Expands Undervalued Consumer Payments Reach
JPMorgan Chase has taken over as the issuer for the Apple Card, replacing Goldman Sachs, integrating it deeper into consumer payments and everyday spending. This move places JPMorgan at the core of Apple’s consumer credit offerings, potentially expanding its banking and card services to Apple Card users. Despite recent soft momentum in its share price, Simply Wall St estimates NYSE:JPM is trading approximately 22.3% below its fair value.