JPMorgan Chase might take the place of Goldman Sachs as the issuer of the Apple Card, but reports indicate that the deal has yet to be finalized.

Apple and JPMorgan Chase are close to a deal for the banking giant to take over as the backer of Apple's credit card program, according to a Wall Street Journal report on Tuesday.

Apple (AAPL) is reportedly telling JPMorgan Chase (JPM) that it's the preferred choice to replace Goldman Sachs (GS) as its credit card partner, according to a media report on Tuesday.

JPMorgan Chase is in advanced talks to take over Apple's credit card program from Goldman Sachs , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

A deal for JPMorgan to take over the Apple Card and its huge book of loans would further burnish the bank’s reputation as a leader in American finance.

JPMorgan Chase & Co. (NYSE:JPM) ranks among the best momentum stocks to buy. On July 16, Keefe, Bruyette & Woods maintained its Outperform rating on JPMorgan Chase & Co.

CBS 42 Morning News Anchor David Lamb interviewed JPMorgan Chase CEO Jamie Dimon about why he was in Birmingham on Monday.

JPMorgan nears deal to take over Apple Card from Goldman Sachs as Apple seeks a new issuer amid Goldman’s exit.