American Express stock sinks after Trump’s 10% credit-card rate cap idea — what AXP investors watch next
American Express shares dropped 4.3% in after-hours trading Monday after President Trump called for a one-year 10% cap on credit card interest rates. The move triggered declines across the credit sector, with Synchrony, Bread Financial, and Capital One falling 8% to 11%. Visa and Mastercard slipped about 1.8%. AmEx reports earnings Jan. 30.