American Express CEO says a credit card rate cap wouldn't be good for the economy [Yahoo! Finance]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: Yahoo! Finance
"A 10% credit card cap, what you would see is a reduction in credit cards across the United States," American Express ( AXP ) CEO Stephen Squeri told Yahoo Finance by phone on Friday. "A lot of people would not be getting credit cards. You would see [credit] line reductions. And listen, the American economy runs on credit, and so you would see a small business slowdown. It's not the right answer." President Trump this month wrote on Truth Social that interest rates on credit cards should be limited to 10% for one year, starting Jan. 20. The date has come and gone, with no clear insight into the Trump administration's next move. "It would be an economic disaster, and I'm not making that up because our business … we would survive it, by the way," JPMorgan CEO Jamie Dimon said at the World Economic Forum last week. Dimon added that the cap would be "drastic" and would cut credit access for 80% of Americans. Read more: What Trump's 10% cap on interest rates would mean for credit ca
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News
- American Express, credit card provider to the wealthy, wants even more high spenders [CNBC]CNBC
- American Express Company (AXP) Q4 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- American Express Quarterly Earnings Slightly Miss Views; 2026 EPS Seen Higher Sequentially [Yahoo! Finance]Yahoo! Finance
- American Express (AXP) Q4 2025 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Should you ever cancel a credit card? Bilt's confusing rewards shake-up puts renters in a tough spot. [Yahoo! Finance]Yahoo! Finance
AXP
Earnings
- 1/30/26 - Miss
AXP
Sec Filings
- 1/30/26 - Form 8-K
- 1/15/26 - Form 8-K
- 1/5/26 - Form 4
- AXP's page on the SEC website