Analyst says 'buy the dip' in top bank stock after credit card cap drop

President Donald Trump has unveiled a series of initiatives over the past two weeks to address the ongoing affordability crisis affecting millions of Americans, including proposing a cap on credit card interest at 10% on January 9. The news hit credit card stocks hard, triggering a widespread sell-off, including American Express (AXP). A 10% cap on interest charged by credit card issuers would undeniably mark a significant change, givenBankratecalculates the average rate as of January 14 is 19.6%. A cap ...