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 ...

JPMorgan Chase is pushing back on President Trump’s proposed 10% cap on credit card interest rates, with the bank’s top finance executive warning that the move would be “very bad for consumers” and force a radical overhaul of one of Wall Street’s most profitable businesses.“If it were to happen, it would be very bad for consumers, very bad for the economy,” JPMorgan Chief Financial Officer Jeremy Barnum said on the bank’s earnings call on Tuesday.If the cap is implemented, the company’s credit card operatio ...