American Express stock slips as Trump’s 10% credit-card rate cap keeps AXP on edge

American Express shares were down 0.6% at $356.00 in afternoon trading on Wednesday, as investors kept a policy discount on credit-card lenders even as some payments peers steadied. Visa edged up 0.1% and Mastercard gained 0.1%, while the S&P 500 ETF fell about 0.9% and the financial sector ETF was down roughly 0.5%.

NYSE:AXP · Stock Market
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%

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.
13 January 2026
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American Express (AXP) stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next

American Express (AXP) stock slides on Trump’s 10% credit-card rate cap talk — what investors watch next

American Express shares slid 4.6% to $358.24 in late-morning New York trading on Monday, after touching $355.50 earlier in the session. The drop followed President Donald Trump’s call on Friday for a one-year 10% cap on credit-card interest rates starting Jan. 20, a proposal analysts at TD Cowen and Barclays said would require Congress and faces long odds.
12 January 2026
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US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

S&P 500 E-minis, the futures linked to the benchmark index, slipped 0.66% to 6,959 points by 5:51 a.m. ET. Dow E-minis were down 0.72%, while Nasdaq 100 E-minis declined 0.88%, market data showed. https://www.reuters.com/business/finance/wall-st-futures-slip-worries-over-fed-independence-financial-stocks-slide-2026-01-12/
12 January 2026
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Bank of America stock: Trump’s 10% credit-card rate cap call hits ahead of BAC earnings

Bank of America stock: Trump’s 10% credit-card rate cap call hits ahead of BAC earnings

U.S. President Donald Trump announced a one-year cap on credit card interest rates at 10%, set to start on Jan. 20, though he didn’t clarify how the plan would be enforced. The move adds fresh policy risk for Bank of America and other lenders as trading restarts. Banking groups warned this could “reduce credit availability.” Bank of America, American Express, and Capital One did not respond to Reuters’ requests for comment. “When companies can’t price the risk properly, they’ll just reduce credit lines,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management, highlighting that credit cards are unsecured loans.
11 January 2026
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