American Express stock well-positioned to weather Trump's credit card cap

Core Viewpoint - American Express is experiencing a decline in stock price following President Donald Trump's announcement of a proposed one-year freeze on credit card interest rates, which includes a 10% cap starting January 20th [1] Company Impact - The proposed interest rate cap could significantly affect American Express's revenue model, as lower interest rates may lead to reduced income from interest on credit card balances [1] Industry Implications - The freeze on credit card interest rates may set a precedent for other financial institutions, potentially leading to broader changes in the credit card industry [1] - This regulatory move could impact consumer behavior, as lower interest rates might encourage more spending on credit cards, affecting overall credit market dynamics [1]