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Banking News 13 January 2026 - 14 January 2026

Citigroup stock slips after hours as job cuts, credit-card cap talk collide ahead of earnings

Citigroup stock slips after hours as job cuts, credit-card cap talk collide ahead of earnings

NEW YORK, Jan 13, 2026, 18:48 EST — After-hours Shares of Citigroup Inc dropped 1.2% to $116.30 in after-hours trading Tuesday. A source told Reuters the bank plans to cut around 1,000 jobs this week, part of a broader effort to reduce its workforce by 20,000 by the end of 2026. “These changes reflect adjustments we’re making to ensure our staffing levels, locations and expertise align with current business needs,” said a Citi spokesperson. The bank employed roughly 229,000 full-time workers as of Dec. 31, 2024, per its latest annual report. (Reuters) The timing is crucial. Citi approaches its earnings
14 January 2026
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Wells Fargo stock slides after-hours ahead of earnings as credit-card cap jitters hit banks

Wells Fargo stock slides after-hours ahead of earnings as credit-card cap jitters hit banks

New York, Jan 13, 2026, 18:51 EST — After-hours Wells Fargo & Company shares dropped 1.5% to $93.56 in after-hours trading Tuesday, just ahead of the bank’s quarterly earnings release. Investors pared back their bets on U.S. financial stocks ahead of the report. The timing is crucial. Major U.S. banks are now handing the market its earliest concrete glimpse of profit drivers for 2026, right as traders wrestle with how quickly borrowing costs might drop—and what impact that could have on bank earnings. According to a Nasdaq report published Tuesday, analysts monitored by Zacks anticipate Wells Fargo will post earnings
14 January 2026
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Capital One stock slips after hours as Trump’s credit-card cap threat hangs over COF

Capital One stock slips after hours as Trump’s credit-card cap threat hangs over COF

New York, Jan 13, 2026, 18:54 EST — Trading after hours. Capital One Financial shares dipped 0.7% to $231.41 in after-hours trading Tuesday, as investors weighed Washington’s ongoing efforts to cap credit-card rates and the potential hit to lenders’ earnings. The stock’s retreat is significant given Capital One’s heavy reliance on credit cards, turning what was once a campaign soundbite into a topic executives now tackle during earnings calls. The next trigger is just around the corner: Capital One’s quarterly results come out next week. President Donald Trump proposed a 10% cap on credit-card interest rates for one year beginning
14 January 2026
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JPMorgan stock drops after earnings: Apple Card reserve, weak deal fees and what’s next for JPM shares

JPMorgan stock drops after earnings: Apple Card reserve, weak deal fees and what’s next for JPM shares

New York, Jan 13, 2026, 17:36 EST — After-hours Shares of JPMorgan Chase & Co. fell roughly 4.2% in after-hours trading Tuesday, slipping to $310.90. The bank’s quarterly results reignited concerns around credit-card performance and dealmaking activity. This matters because JPMorgan is the largest U.S. lender, and its results often shape investor sentiment across the sector. Traders are sorting which segments benefit from volatile markets versus those that rely on a steady deal flow and supportive interest rates. Politics remains a key concern, alongside profits. President Donald Trump’s plan to cap credit card interest rates for one year has rattled
13 January 2026
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Dow Jones drops nearly 400 points as credit-card cap fears hit banks, Visa and Salesforce drag

Dow Jones drops nearly 400 points as credit-card cap fears hit banks, Visa and Salesforce drag

New York, Jan 13, 2026, 17:02 EST — After-hours The Dow Jones Industrial Average fell 398.21 points, or 0.8%, to 49,191.99 on Tuesday, easing from Monday’s record close as Wall Street weighed fresh policy risk for consumer credit and the first wave of big earnings. The S&P 500 slipped 0.2% and the Nasdaq fell 0.1%. (AP News) It matters because the Dow had just printed a record and the market is leaning hard on earnings to keep the rally honest. Big banks are first up, and they are also the ones most exposed when Washington starts talking about credit-card rates.
13 January 2026
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Wall Street Slips as Trump Credit-Card Cap Plan Hits Banks; CPI Holds at 2.7%

Wall Street Slips as Trump Credit-Card Cap Plan Hits Banks; CPI Holds at 2.7%

New York, Jan 13, 2026, 16:50 EST U.S. stocks ended lower on Tuesday, led by a drop in financial shares after JPMorgan executives warned that President Donald Trump’s proposed cap on credit-card interest rates could squeeze lending. The Dow Jones Industrial Average fell 394.97 points, or 0.81%, to 49,195.23, while the S&P 500 lost 0.20% to 6,963.30 and the Nasdaq Composite slipped 0.10% to 23,711.20, preliminary data showed. Visa and Mastercard slid, and “Financials are getting hit by Trump’s credit card proposal,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. (Reuters) Trump’s one-year 10% cap
13 January 2026
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Wall Street slips on JPMorgan warning as December inflation holds at 2.7% — Visa, Mastercard tumble

Wall Street slips on JPMorgan warning as December inflation holds at 2.7% — Visa, Mastercard tumble

NEW YORK, January 13, 2026, 14:57 (EST) U.S. stock indexes slipped on Tuesday as financials dragged after JPMorgan warned that a proposed cap on credit-card interest rates could hit consumers, hammering payment stocks. At 11:28 a.m. ET, the Dow Jones Industrial Average was down 338.22 points, or 0.68%, the S&P 500 fell 0.29% and the Nasdaq Composite dropped 0.21%. Visa slid 4.7% and Mastercard sank 5.3%, and traders still priced in at least two 25-basis-point cuts later this year (a quarter of a percentage point); “The Fed is likely to take its time and absorb more data,” said Skyler Weinand,
13 January 2026
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Wells Fargo stock slides ahead of earnings as credit-card rate cap talk rattles banks

Wells Fargo stock slides ahead of earnings as credit-card rate cap talk rattles banks

New York, January 13, 2026, 14:36 EST — Regular session Wells Fargo & Company shares dipped 1.6% to $93.44 in Tuesday afternoon trading, sliding to an intraday low of $93.36. The stock lost $1.52 on the session, with roughly 11.4 million shares changing hands. The decline arrives just a day ahead of the bank’s quarterly earnings, making Wells Fargo one of the last major U.S. lenders to report this week. The company is set to release its fourth-quarter 2025 results around 7:00 a.m. ET on Wednesday, followed by a conference call at 10:00 a.m. ET. (Wells Fargo Newsroom) Policy risk
13 January 2026
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Capital One (COF) stock steadies after Trump’s 10% card-rate cap threat as $425 million settlement hits

Capital One (COF) stock steadies after Trump’s 10% card-rate cap threat as $425 million settlement hits

New York, January 13, 2026, 11:03 AM EST — Regular session Shares of Capital One Financial Corp ticked up Tuesday, clawing back a bit after Monday’s dip. Investors are wrestling with how aggressive Washington might get on capping credit-card interest rates—and what that could spell for lenders reliant on card business. By late morning, the stock was trading around $233.84, up roughly 0.3%. Policy risk is in focus. U.S. President Donald Trump has proposed a 10% cap on credit-card interest rates for one year starting Jan. 20, but hasn’t specified how it would be enforced. This rattled lenders and card
13 January 2026
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JPMorgan Chase stock falls after Apple Card reserve hits profit as rate-cap risk hangs over banks

JPMorgan Chase stock falls after Apple Card reserve hits profit as rate-cap risk hangs over banks

New York, Jan 13, 2026, 11:02 ET — Regular session JPMorgan Chase & Co shares were down 2.5% at $316.32 in late morning trade on Tuesday, after swinging between $331.00 and $313.96 earlier in the session. The bank reported fourth-quarter net income of $13.0 billion, or $4.63 a share, after setting aside $2.2 billion tied to its forward purchase of the Apple credit card portfolio. “The Firm concluded the year with a strong fourth quarter,” CEO Jamie Dimon said in the release. (SEC) The print lands as Washington re-opens a fight over what credit should cost. Analysts at TD Cowen
13 January 2026
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USB stock slips as U.S. Bancorp’s $1 billion BTIG deal puts Wall Street expansion back in view

USB stock slips as U.S. Bancorp’s $1 billion BTIG deal puts Wall Street expansion back in view

New York, January 13, 2026, 10:14 EST — Regular session U.S. Bancorp (USB) shares fell on Tuesday after the lender said it would buy Wall Street brokerage BTIG for up to $1 billion in cash and stock. The stock was down about 1% at $53.87, and Stephen Philipson called it “a strategic move to fill key product gaps” for corporate and institutional clients. (Reuters) The deal is another step by a big regional lender toward businesses that live on fees rather than net interest margins. Those revenues can help in a strong market, but they tend to be less forgiving
13 January 2026
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Australia stock market today: ASX 200 ends higher as miners, banks climb; Endeavour and GQG slide

Australia stock market today: ASX 200 ends higher as miners, banks climb; Endeavour and GQG slide

Sydney, January 13, 2026, 21:57 AEDT — Market closed Australian shares ended Tuesday on a positive note, as the S&P/ASX 200 index climbed 0.56% to 8,808.50 points. The gain came after a bounce back in commodity-driven risk appetite, as investors prepared for new waves of macro news amid intensified scrutiny of U.S. Federal Reserve chair Jerome Powell and escalating geopolitical tensions. “Trump is pulling at the loose threads of central bank independence,” noted Andrew Lilley, chief rates strategist at Sydney’s Barrenjoey. Closer to home, the debate on local rates remains unsettled. Westpac’s consumer sentiment index dropped 1.7% in January. Matthew
13 January 2026
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Stock Market Today

Diageo share price slips into the weekend as investors eye Feb. 25 results

Diageo share price slips into the weekend as investors eye Feb. 25 results

7 February 2026
Diageo shares closed down 1.48% at 1,760 pence on Friday, trailing a 0.59% gain in the FTSE 100. An updated analyst consensus points to a 2.0% fall in first-half organic net sales ahead of interim results due Feb. 25. Trading volume was light, and the stock remains over 22% below its 52-week high.
National Grid share price: what to know before London reopens after BoE signal

National Grid share price: what to know before London reopens after BoE signal

7 February 2026
National Grid shares closed at 1,285 pence in London on Friday, up 0.23%. The Bank of England held rates at 3.75% after a close vote, signaling possible cuts if inflation falls. National Grid announced a wireless power transmission study with Space Solar and marked five years of IFA2 interconnector operations. Its U.S. ADR ended at $88.06, up $1.17.
BAE Systems share price rises into weekend — what to watch before Monday’s London open

BAE Systems share price rises into weekend — what to watch before Monday’s London open

7 February 2026
BAE Systems shares closed up 1.2% at 1,879 pence on Friday, tracking gains in European defence stocks. The company’s market value stands near £54.8 billion. Investors await BAE’s full-year results on Feb. 18 for updates on cash returns and orders. GXO Logistics renewed and expanded its contract to support BAE’s Type 26 frigate program in Scotland.
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