New York, January 16, 2026, 01:09 PM EST — Regular session
- Shares of Capital One climbed 2.3%, hitting $242.50 by midday
- Talk of a 10% rate cap still makes credit-card lenders uneasy
- Capital One’s earnings report, due Jan. 22, is already drawing investor attention
Shares of Capital One Financial climbed 2.3% to $242.50 on Friday, pushing higher as U.S. stocks held steady ahead of the long weekend.
This shift is significant as traders reassess credit-card lenders amid policy risks sparked by President Donald Trump’s suggestion of a one-year 10% cap on credit card interest rates—a direct hit to issuers’ revenue. Broader markets remained volatile, with lenders notably under pressure as investors debate the likelihood of the proposal and its potential impact on credit availability. (Reuters)
Friday marks the monthly options expiration, when contracts allowing the purchase or sale of stock at predetermined prices expire. Options experts suggest this could shake up the market and increase daily volatility. “I think this options expiration will allow the S&P 500 to start moving around a bit more,” said Brent Kochuba, founder of SpotGamma. (Reuters)
Capital One’s next major event is its earnings report, set for about 4:05 p.m. ET on Jan. 22. The bank will hold a conference call at 5 p.m. ET the same day, the company said. (Capitalone)
Investors are watching closely for shifts in credit quality—delinquency rates, charge-off trends, and the reserves banks hold against future losses. They’ll also track if spending remains steady after a rocky start to the year.
They’ll also watch closely for any remarks on pricing and competition in cards, plus hints that regulatory chatter is starting to affect customer behavior or underwriting.
Strategists have been clear about the current market demands. “It is literally an imperative that earnings actually carry the news cycle,” said Art Hogan, chief market strategist at B Riley Wealth, in a Reuters report this week. (Reuters)
Capital One ended Thursday at $236.97, rising 1.1% on the day, MarketWatch data shows. (MarketWatch)
Plenty can still derail the process. Should the rate-cap idea gain traction, even a partial change might squeeze issuer economics, cut rewards, or force lenders to tighten credit. Markets will attempt to price in these risks well before any official text, timing, or congressional roadmap emerges.
Traders are watching card-linked names closely, including issuers like American Express and Synchrony, along with networks Visa and Mastercard, for clues on market sentiment.
Next on deck: Capital One’s January 22 earnings and any fresh updates from Washington that could turn the rate-cap chatter into concrete market signals.
