$828 billion JP Morgan (JPMorgan Chase) to Open 160 Branches in United States in 2026, Announced to Open at Least 500 Branches Within 3 Years in 2024
18th February 2026 | Hong Kong
JP Morgan (JPMorgan Chase) with $828 billion market value is targeting to open 160 branches in United States in 2026, having announced to open at least 500 branches within 3 years in 2024. In 2026 January, JP Morgan announced to take over Goldman Sachs as Apple Card issuer with $20 billion loan balances onto JP Morgan Chase platform, and to record a charge of $2.2 billion provision for credit losses in 2025 Q4 for the transaction.
“ $828 billion JP Morgan (JPMorgan Chase) to Open 160 Branches in United States in 2026, Announced to Open at Least 500 Branches Within 3 Years in 2024 “
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JP Morgan to Take Over Goldman Sachs as Apple Card Issuer with $20 Billion Loan Balances onto JP Morgan Chase Platform & Charge $2.2 Billion Provision for Credit Losses in 2025 Q4 for the Transaction
9th January – JP Morgan has announced to take over Goldman Sachs as Apple Card issuer with $20 billion loan balances onto JP Morgan Chase platform, and to record a charge of $2.2 billion provision for credit losses in 2025 Q4 for the transaction. Announcement (7/1/26): “Today, Apple and Chase announced that Chase will become the new issuer of Apple Card, with an expected transition in approximately 24 months. Apple Card users can continue to enjoy the award-winning experience of Apple Card, which includes up to 3 percent unlimited Daily Cash back on every purchase, easy-to-navigate spending tools, Apple Card Family, access to a high-yield Savings account, and more. Mastercard will remain the payment network for Apple Card, and Apple Card users can continue to access Mastercard’s global acceptance and benefits. Introduced in 2019, Apple Card is designed with users’ financial health in mind, and has become a top choice among consumers for its innovative features, seamless user experience, and commitment to customer privacy and security. With absolutely no fees, Apple Card makes it easy to track purchases and manage spending from Apple Wallet, while offering up to 3 percent Daily Cash back on every purchase, which users can choose to have automatically deposited onto their Apple Cash card in Wallet and can be used for in-store, online and in-app purchases with Apple Pay. With Apple Card Family, users can also share an Apple Card account with anyone added to their Family Sharing group. Another benefit is Apple Card Monthly Installments (ACMI), which allows users to pay for new Apple products over time, interest-free, when they choose to check out with ACMI at Apple. Additionally, users can open a Savings account through Apple Card, and once it is set up, will have all their future Daily Cash automatically deposited there, providing users with even more options. During this transition, Apple Card users can continue to use their card as they normally do. More information, including FAQs, is available at learn.applecard.apple/transition. Additional details will be shared with users as the transition date approaches. Under the terms of the agreement, the purchase of the portfolio is estimated to bring over $20 billion of card balances to the Chase platform. Although close is not anticipated for approximately 24 months, and is subject to regulatory approvals, JPMorganChase expects to recognize a $2.2 billion provision for credit losses in 4Q25 related to the forward purchase commitment.” Chase – Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading financial services firm based in the United States of America with assets of $4.6 trillion, $360 billion in stockholders’ equity as of September 30, 2025, and operations worldwide. Chase serves more than 85 million consumers and 7 million small businesses with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: more than 5,000 branches in 48 states and the District of Columbia, nearly 15,000 ATMs, mobile, online and by phone.
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