Credit card stocks sink after Trump proposes 10% cap on fees: 'Yikes' [Yahoo! Finance Canada]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Yahoo! Finance Canada
Shares in major credit card lenders tumbled in early trading Monday after President Trump late Friday proposed a 10% cap on the fees these cards charge customers. Shares of Capital One ( COF ) and Synchrony Financial ( SYF ) fell as much as 10% 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%. Capital One Financial Corporation (COF) “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. It's not clear how Trump plans to cap card fees without Congress first passing 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, addin
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SYF
News
- Is Synchrony Financial (SYF) Pricing In Its Recent 11% Slide And Credit Card Partnerships? [Yahoo! Finance]Yahoo! Finance
- Why Synchrony Financial (SYF) Is Down 11.8% After Trump's Proposed Credit Card Rate Cap - And What's Next [Yahoo! Finance]Yahoo! Finance
- Synchrony Financial: The Dip Made Valuation Synchronized With Fundamentals [Seeking Alpha]Seeking Alpha
- Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt [Yahoo! Finance]Yahoo! Finance
- Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt [Business Insider]Business Insider
SYF
Earnings
- 10/15/25 - Beat
SYF
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- SYF's page on the SEC website