American Express stock dips as Trump pushes 10% credit-card rate cap; CPI, earnings loom
NEW YORK, Jan 10, 2026, 06:36 EST — Market closed American Express (AXP) shares slid $7.36, or 1.9%, to $375.61 on Friday, as investors weighed President Donald Trump’s call for a one-year 10% cap on credit-card interest rates. The stock traded between $373.87 and $384.97, with about 2.8 million shares changing hands. (Financial Times) The rate-cap talk matters because issuers like American Express earn interest on balances that customers carry month to month, charged as an annual percentage rate, or APR, on top of fees tied to spending. It also hits as investors try to square consumer demand with stubborn