Wells Fargo stock price slips as credit-card rate cap fight hits banks — what’s next
New York, January 20, 2026, 21:16 EST — Markets are closed. Wells Fargo & Company shares dipped 1.9% Tuesday, closing at $86.66, as bank stocks slid ahead of the upcoming U.S. trading day. Washington remains the focal point. President Donald Trump is advocating for a 10% limit on credit card interest rates, but whether this will come through executive action or legislation is still unclear. This matters since credit cards are unsecured loans. Banks price them based on risk, and a strict cap on the annual percentage rate (APR) can push lenders to restrict credit or redesign their offerings. Wells