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Big Bank Stocks Are Tumbling After Trump Said This [Yahoo! Finance]
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
How a cap would be put in place and why for only a year remains unclear. A number of banking and financial stocks slumped Monday morning after President Donald Trump over the weekend suggested capping credit card interest rates. Trump posted on social media late Friday that Americans are being "ripped off" by interest rates of 20% to 30%, and said that effective Jan. 20 he would be calling for a one-year cap of 10%. How the cap would be implemented remains unclear. Capital One Financial ( COF ) shares plunged over 5% Monday morning, while shares of Citigroup ( C ) and American Express ( AXP ) were each down 3%. JPMorgan Chase ( JPM ), Bank of America ( BAC ) and Wells Fargo ( WFC ) each fell between 1% and 2%. Shares of Synchrony Financial ( SYF ) declined close to 7%, with Visa ( V ) and Mastercard ( MA ) losing about 3%. Capping credit card interest rates may negatively impact firms that issue cards, but could lower the cost of borrowing for some consumers. Executives fro
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NEWS
- Why American Express (AXP) Shares Are Falling Today [Yahoo! Finance][Yahoo! Finance]
- American Express (NYSE:AXP) had its price target raised by analysts at JPMorgan Chase & Co. from $360.00 to $385.00. They now have a "neutral" rating on the stock.[MarketBeat]
- American Express (NYSE:AXP) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada.[MarketBeat]
- American Express (NYSE:AXP) was given a new $328.00 price target on by analysts at Credit Suisse Group AG.[MarketBeat]
- Trump, Interest Rates, And American Express: A 10% Cap Won't Break Anything [Seeking Alpha][Seeking Alpha]
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- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
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