8-KItem 2.02 · Results of OperationsItem 8.01 · Other Events
Goldman ($GS) will transition the Apple Card program/accounts to a new issuer over ~24 months.
Filed with the SEC on · Summarized by InvestorsBot
Goldman ($GS) will transition the Apple Card program/accounts to a new issuer over ~24 months. Expected 4Q2025 EPS boost: +$0.46 from a $2.48B release of loan‑loss reserves, offset by $2.26B of revenue markdowns and $38M expenses. 🔁💳 $AAPL #AppleCard #EPS
8‑K filed 1/7/2026 (Item 2.02): Goldman ($GS) says the impact is largely one‑time and tied to transition timing (~24 months). Net accounting move: $2.48B reserve release vs $2.26B markdowns + $38M — monitor execution & timing risk. 📝⚠️ #AppleCard #Banking