US Bank Shares Tumble as Trump Slams Credit Card Rates [Yahoo! Finance Canada]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Mike Mayo, an analyst at Wells Fargo & Co., said in a note that “new potential card cap could wipe out earnings from cards for a year.” JPMorgan analyst Vivek Juneja flagged a “material hit” if this is enacted and “could push consumers into more expensive debt.” In pre-market trading in New York, Capital One plunged 9.7%, while American Express Co. fell 4.6%. Major US lenders were also trending lower with Citigroup declining 4.1%, JPMorgan down 2.8% and Wells Fargo slipping 2.2%. Barclays Plc, the British lender that has credit cards as a key part of its US consumer banking business, slumped as much as 4.8% in London trading on Monday, the biggest intraday loss since Oct. 17. Trump, speaking Sunday to reporters on Air Force One as he returned to Washington from Florida, doubled down on his demand that card issuers lower interest rates to 10% and keep them there for one year. He set a Jan. 20 deadline for compliance. If the rates have not been capped
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- WFC's page on the SEC website