Goldman Sachs Moves Away From Apple Card And Into Buy Range

Investor’s Business Daily reports that Goldman Sachs is shifting its Apple Card accounts to JPMorgan Chase — a corporate move expected to take about 24 months — even as Goldman’s stock benefits from stronger-than-expected earnings and technical strength. Goldman posted 14% revenue growth in Q1 to $17.2 billion and 24% higher EPS at $17.55, beating estimates and lifting analyst full-year forecasts. The stock cleared a 952.01 buy point on May 14, briefly hit an all-time high and is trading near the top of its buy range (~$994.52 as of 05/26/2026), with the 21-day exponential moving average holding above the 50-day line. The combination of solid fundamentals and a technical breakout has pushed GS onto IBD’s Breakout Stocks Index, reinforcing bullish demand in financials and contributing to broader market strength. The Apple-Card transition may modestly reshape consumer-finance positioning but the immediate market impact is the bullish reception of Goldman’s earnings and chart breakout.