• Like
  • Comment
  • Favorite

Capital One, Synchrony Stocks Fall After Trump Calls for Cap on Credit-Card Rates -- WSJ

Dow Jones01-12 17:49

By WSJ Staff

Stocks in a range of financial companies fell after President Trump called for credit-card interest rates to be capped at 10% for a year, in his latest attempt to address voters' affordability concerns.

-- Shares in Capital One $(COF)$ and Synchrony Financial (SYF) declined nearly 9% in premarket trading.

-- American Express $(AXP)$ shed more than 4% ahead of the open.

-- Among big banks with large credit-card operations, JPMorgan $(JPM)$ and Citigroup (C) both lost 3% or more.

-- Shares of Barclays fell more than 3% in London. The U.K.-based bank is another major U.S. credit-card issuer.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

January 12, 2026 04:49 ET (09:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24