Big Banks Are Already Flashing Glaring Warning Signs About Trump's 10% Credit Card Cap

Key Points The 4 biggest U.S. bank stocks were down 5% to 7% this week after reporting earnings. President Trump's proposed 10% cap on credit card interest rates is a huge negative catalyst for the industry. The topic dominated Q4 conference calls. 10 stocks we like better than JPMorgan Chase › Earnings season began, as it always does, with the four largest U.S. banks posting their results from the last quarter. And this cycle kicked off with bank executives raising big red flags about a politica ...