NEW YORK, Jan 15 (Reuters) - Goldman Sachs' ( GS )

credit-card partnership with Apple ( AAPL ) may end before its

contract runs out in 2030, Goldman CEO David Solomon said on

Wednesday.

"We have a contract with Apple ( AAPL ) to run that partnership until

2030, although there's some possibility that it won't continue

until that time frame," Solomon told analysts on an earnings

call.

The Apple ( AAPL ) card dragged down Goldman's return on equity by 75

to 100 basis points last year, but "that will improve in 2025

and 2026," he added.

The business is housed within Goldman's platform solutions

unit, which posted an $859-million annual net loss in 2024.

JPMorgan Chase ( JPM ) is in talks with Apple ( AAPL ) about

replacing Goldman Sachs ( GS ) as the tech company's credit-card

partner, Reuters reported in September, citing a source familiar

with the matter.