New York, Jan 16, 2026, 19:39 EST — After-hours trading
- Shares of Capital One (COF) rose 0.9% in after-hours trading on Friday
- A report indicates the White House is considering executive action related to imposing a cap on credit-card rates
- Investors eye Capital One’s Jan. 22 earnings report for hints on credit trends
Shares of Capital One Financial Corporation (COF) ticked up 0.9% to $239.14 in after-hours trading Friday. The move came after reports that the White House is considering executive action to cap credit card interest rates. Sources say the plan is still in the works, with officials hashing out details alongside industry leaders and lawmakers. (Reuters)
Policy risk hits hard because credit card rates — the APR borrowers pay on balances — directly influence how lenders set prices. That spread is a major profit driver for big card issuers. Any forced cut, even a brief one, would shake up pricing, rewards programs, and approval decisions.
The mood remains tense. U.S. stocks finished Friday almost unchanged ahead of the long weekend, with the main indexes logging weekly losses as earnings season kicked off. “Most investors will take that as a win,” said Anthony Saglimbene of Ameriprise Financial, noting how the S&P 500 has hovered near 7,000 despite the volatility. (Reuters)
Big banks are sounding the alarm that a hard cap might tighten credit access, particularly hitting borrowers with weaker credit scores. “It would be very bad for consumers, very bad for the economy,” JPMorgan Chief Financial Officer Jeremy Barnum said this week, warning the bank would need to scale back the credit it extends. (Reuters)
Expectations around interest rates continue to shift, affecting banks’ margins between loan earnings and funding costs. On Friday, Federal Reserve Vice Chair Philip Jefferson said the current policy stance is “well positioned” as the Fed looks toward its Jan. 27-28 meeting, suggesting patience for more data. (Reuters)
Capital One’s next major event is its earnings report. The company plans to unveil fourth-quarter 2025 results around 4:05 p.m. ET on Jan. 22, with a conference call set for 5:00 p.m. ET, it announced. (Business Wire)
Investors are tuning in for updates on card spending, delinquencies, and charge-offs—loans the bank deems uncollectable—and any changes in the company’s tone on pricing within its card portfolio if Washington steps in.
Monday will see no action on the tape as U.S. stock markets close for Martin Luther King Jr. Day. Trading picks back up on Tuesday. (New York Stock Exchange)
Speed remains the wild card. A swift executive move, or clearer signals on timing and enforcement, might send the stock into more volatility ahead of the results.
Next, we’ll look for any White House updates on the rate-cap plan, followed by Capital One’s January 22 report and call, which should give the first glimpse of how management is positioning 2026 amid rising political scrutiny.
