Your email has been successfully added to our mailing list.

×
0.00125368731563434 0.000884955752212423 0.00117994100295004 0.00221238938053106 -0.00154867256637153 0.00678466076696177 0.00486725663716833 0.0120206489675518
Stock impact report

Delta CEO says credit card cap would hurt banks and customers [Yahoo! Finance]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Yahoo! Finance
“The knock-on effects are pretty significant when you think about what seems to be a good idea to help lower income strata and bring some interest-rate relief,” CEO Ed Bastian said in a Bloomberg interview. “The reality is, it will eliminate their ability for credit and freeze up tremendous amounts of credit lines that the banks will not be able to afford.” Over the weekend, Trump warned that credit card issuers would be “breaking the law” if they failed to cap interest rates at 10% for one year, despite the absence of legislation or executive authority to impose such a limit. It has prompted outcry from the banking industry. “If it were to happen, it would be very bad for consumers, very bad for the economy,” JPMorgan's CFO Jeremy Barnum said Tuesday, adding that the bank's card operation “would be a business that we would have to significantly change” if it came into place. Even after the Federal Reserve cut interest rates late last year, retail credit card rates have barely Show less Read more
Impact Snapshot
Event Time:
DAL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for DAL alerts
Opt-in for
DAL alerts

from News Quantified
Opt-in for
DAL alerts

from News Quantified