Goldman Sachs reported a stronger fourth-quarter profit, driven by robust trading revenues, high-profile deals, and a one-time gain from exiting its Apple credit card partnership.

JPMorgan Chase reported a decline in fourth-quarter profits, following a one-time charge related to its agreement with Goldman Sachs to take over a credit card partnership with Apple.

Apple announced Wednesday that JPMorgan Chase will become the new issuer of the Apple Card, taking over from Goldman Sachs.