New York, Jan 10, 2026, 18:04 EST — The market has closed.
- Starting Jan. 20, Trump proposed capping credit card interest rates at 10% for one year
- Shares of Capital One dropped 2.53% Friday, closing at $249.20
- Investors have their eyes on the U.S. CPI release on Jan. 13 and Capital One’s quarterly earnings due Jan. 22
Shares of Capital One Financial Corporation are starting next week under pressure after U.S. President Donald Trump proposed capping credit card interest rates at 10% for one year. The stock closed Friday down 2.53%, settling at $249.20. (Reuters)
The proposal targets the fees that fuel credit card profits but offers few specifics. Banking groups warned a cap would “reduce credit availability,” while Brian Jacobsen of Annex Wealth Management said firms might just cut credit lines if they “can’t price the risk properly.”
Capital One, a leading U.S. card lender, is gearing up to report its Q4 results. The company plans to announce earnings after the market closes on Jan. 22, followed by a conference call around 4:05 p.m. ET. (Capital One Investor)
Friday’s sell-off hit Capital One harder than some of its payments and card rivals. American Express dipped 1.92%, while Visa dropped 0.70%, per MarketWatch data. (MarketWatch)
U.S. stocks climbed on Friday, supported by a mixed jobs report that left hopes for additional Federal Reserve rate cuts alive. Payrolls increased by 50,000 in December, while the unemployment rate slipped to 4.4%, Reuters reported. (Reuters)
Inflation is the next big macro hurdle. The U.S. consumer price index for December arrives Tuesday at 8:30 a.m. ET. Any surprises could shake up rate expectations, directly impacting what borrowers pay on credit card balances via annual percentage rates, or APRs. (Bureau of Labor Statistics)
Earnings season kicks off with banks in the spotlight. JPMorgan is set to report on Tuesday, followed by Citigroup, Bank of America, and Goldman Sachs later in the week. Investors are eyeing these results closely for early signals of consumer strain, including credit card defaults. “The banks are going to be telling you something that is going to be pretty important because they’re on the front lines,” said Jack Janasiewicz of Natixis Investment Managers to Reuters. (Reuters)
Investors are watching the Fed calendar closely. A Reuters “Take Five” column highlighted the CPI report as one of the final major data points before the central bank’s Jan. 27-28 meeting. Markets currently expect at least two more quarter-point rate cuts by the end of 2026. (Reuters)
The selloff on the chart was steep. The stock kicked off Friday at $256.00, dipped to a low of $249.09, and closed at $249.20—dropping back below the $250 mark. (Yahoo Finance)
The rate-cap effort isn’t set in stone, and the details matter. A binding cap would probably require Congressional approval. Meanwhile, card issuers might react by restricting credit approvals or tweaking fees and rewards.
U.S. markets are closed for the weekend, so traders are waiting on specifics about how a cap might be put into place once trading picks up again. The next key dates to watch are the CPI report on Jan. 13 and Capital One’s earnings on Jan. 22.
