Wells Fargo stock slides as Trump’s credit-card cap talk hits banks ahead of earnings
New York, Jan 12, 2026, 20:58 ET — Market closed. Wells Fargo & Co shares dropped roughly 1% on Monday, last trading at $94.96. Investors digested remarks from U.S. President Donald Trump on limiting credit-card interest rates. The stock’s dip coincided with traders bracing for a busy slate of U.S. bank earnings this week. (Investopedia) Timing is key as Wall Street’s top lenders kick off earnings before Tuesday’s open, with credit cards once again grabbing attention as a profit engine. Traders want early clues on consumer strength and whether execs spot fresh policy risks creeping into 2026 forecasts. (Barron’s) Wells