Analysts Say Capital One Stock Is a ‘Strong Buy.’ Did Trump Just Change That?
Capital One (COF) shares plunged nearly 7% on Monday after President Donald Trump proposed capping credit card interest rates at 10% for one year. The announcement sent shockwaves through the financial services sector and raised questions about the stock's bullish Wall Street consensus. Trump caught bank executives off guard and triggered a broad selloff across the industry. Shares of major banks, including Citigroup (C), J.P. Morgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC), dropped betwe ...