JPMorgan Chase profit dips as it builds $2.2 billion reserves for Apple Card

MacDailyNews
Jan 13, 2026, 2:19 pm189 pts
JPMorgan Chase reported a decline in quarterly profit after setting aside $2.2 billion in reserves related to its agreement with Goldman Sachs to assume the Apple Card partnership. The Wall Street giant, led by CEO Jamie Dimon, posted fourth-quarter earnings of $13 billion, or $4.63 per share — down from $14…

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