JPMorgan Chase stock slides as Trump’s 10% credit-card rate cap talk hits banks before earnings
New York, Jan 12, 2026, 11:26 (ET) — Regular session JPMorgan Chase & Co shares fell on Monday as traders sold bank stocks after President Donald Trump called for a one-year cap on credit card interest rates. JPMorgan was down $6.60, or about 2%, at $322.59 in late morning trading. The timing is awkward for bulls. JPMorgan reports results on Tuesday, kicking off earnings season for the biggest U.S. lenders, when executives will have to address consumer credit trends and the bank’s exposure to any shift in card economics. Credit cards are a rich business. That’s the point. They also