By WSJ Staff
Stocks in a range of financial companies fell after President Trump called for credit-card interest rates to be capped at 10% for a year, in his latest attempt to address voters' affordability concerns.
-- Shares in Capital One $(COF)$ and Synchrony Financial (SYF) declined nearly 9% in premarket trading.
-- American Express $(AXP)$ shed more than 4% ahead of the open.
-- Among big banks with large credit-card operations, JPMorgan $(JPM)$ and Citigroup (C) both lost 3% or more.
-- Shares of Barclays fell more than 3% in London. The U.K.-based bank is another major U.S. credit-card issuer.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
January 12, 2026 04:49 ET (09:49 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.

