JPMorgan Increases Tech Spending for Apple Card

JPMorgan Chase reported fourth-quarter 2025 results before markets opened Jan. 13 and said it will boost 2026 expenses by more than $9 billion to roughly $105 billion to fund technology, AI and payments infrastructure. Management said integrating the acquired Apple Card portfolio will require roughly a two‑year rebuild (including a $2.2 billion reserve build), highlighted 7% year‑over‑year card volume growth, and warned regulatory rate caps could reduce credit access.