Why Shares of Capital One Are Sinking Today

Key Points Most credit card lenders saw their stocks struggle today after President Trump announced a potential 10% interest rate cap on credit card balances. Trump said he plans to implement the interest rate cap on Jan. 20. Industry groups are concerned that the measure could limit credit card companies' ability to extend credit. 10 stocks we like better than Capital One Financial › Shares of the large credit card lender Capital One (NYSE: COF) traded nearly 6.5% lower, as of 12:25 p.m. ET tod ...