New York, Jan 15, 2026, 12:31 PM ET — Trading in the regular session.
- Capital One shares climbed roughly 2% in midday trading, rebounding after a volatile week for card lenders
- Washington’s discussion of a 10% cap on credit-card APRs continues to weigh on the group
- Next week’s Capital One earnings will be key for investors tracking credit trends and pricing
Shares of Capital One Financial Corp climbed Thursday, building on a recovery after earlier declines as investors reconsidered the policy risks tied to U.S. credit-card pricing. The stock gained 2.2%, reaching $239.55 by midday trading.
The lender is at the heart of the debate about whether Washington can — or will — push down credit-card interest rates. For shareholders, the implications are clear: lower rates could slash interest income, prompting lenders to tighten credit, cut rewards, or hike fees.
That debate is running headlong into earnings season, a time when executives face demands for specifics rather than scripted responses. Traders are working to sift through the political noise and figure out what could realistically become law or regulation.
Leading banks are speaking out now. JPMorgan’s Chief Financial Officer Jeremy Barnum slammed the suggested one-year 10% cap on credit-card APRs as “very bad for consumers” and “very bad for the economy.” He warned that lenders would be forced to tighten credit. 1
Capital One, a major U.S. card issuer, has seen its stock track the sector closely since the rate-cap concept emerged. Investors have kept an eye on names like American Express and Synchrony Financial, while payment giants Visa and Mastercard are viewed as less vulnerable since they don’t earn interest on card balances.
California Attorney General Rob Bonta announced preliminary approval of a revised settlement involving Capital One’s 360 Savings accounts. The deal demands $425 million in restitution and adjustments to the interest paid to customers. “Capital One misled consumers,” Bonta said in a statement unveiling the agreement. 2
Capital One climbed 1.3% on Wednesday, closing at $234.42 and ending a three-day slide despite a weaker overall market. Still, the stock remains roughly 10% off its 52-week peak reached on Jan. 6, according to MarketWatch data. 3
Near-term risk hasn’t shifted: policy uncertainty looms large. Should a rate cap take hold, lenders might clamp down on underwriting almost immediately, flipping the sector’s valuation dynamics on a dime. If that doesn’t materialize, the trade can reverse just as swiftly.
Capital One is set to report its fourth-quarter 2025 earnings on Jan. 22 around 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. Investors will be focused on insights into card pricing, credit losses, and potential impacts from Washington’s latest proposals, the company said. 4
