By WSJ Staff

Stocks in a range of financial companies fell after President Trump called for credit-card interest rates to be capped at 10% for a year, in his latest attempt to address voters' affordability concerns.

-- Shares in Capital One $(COF)$ and Synchrony Financial (SYF) declined nearly 9% in premarket trading.

-- American Express $(AXP)$ shed more than 4% ahead of the open.

-- Among big banks with large credit-card operations, JPMorgan $(JPM)$ and Citigroup (C) both lost 3% or more.

-- Shares of Barclays fell more than 3% in London. The U.K.-based bank is another major U.S. credit-card issuer.

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(END) Dow Jones Newswires

January 12, 2026 04:49 ET (09:49 GMT)

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