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0 -0.000127226463104391 0.0110687022900762 0.00508905852417292 0.00343511450381674 0.00826972010178106 0.0297709923664121 0.00737913486005087
Stock impact report

Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes' [Yahoo! Finance]

Synchrony Financial (SYF) 
Last synchrony financial earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shares of Capital One ( COF ) and Synchrony Financial ( SYF ) fell as much as 9% in premarket trading on Monday. American Express ( AXP ) and Citigroup ( C ) shares were down about 4% before the open, while JPMorgan Chase ( JPM ) and Bank of America ( BAC ) shares were off closer to 2%. “Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,” Trump wrote Friday night in a post on Truth Social. Read more: How to find the best credit card interest rates It's not clear how Trump plans to cap card fees without Congress first proposing legislation. But the president doubled down on his proposal on Sunday while speaking with reporters on Air Force One as he returned to D.C. from Florida. “They really abused the credit cards,” he said of major card lenders, adding that if rates aren't capped by his deadline, “then they're in violation of the law," according to a Bloomberg report Without legislation, it' Show less Read more
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