PANews reported on January 16 that according to Reuters, Goldman Sachs CEO David Solomon said in a financial report conference call that the credit card cooperation with Apple may end before the contract expires in 2030. He pointed out that although Goldman Sachs is bound by the contract, there is a possibility of early termination.

The Apple Card project will drag down Goldman Sachs' return on equity by 75 to 100 basis points in 2024, but Solomon said that will improve in 2025 and 2026.

Goldman Sachs' credit card business is part of its platform solutions division, which suffered a net loss of $859 million in 2024. According to previous reports, JPMorgan Chase is in talks with Apple to replace Goldman Sachs as its credit card partner.