2346 GMT - Zip's bull at Citi sees risks in both directions from U.S. proposals to cap credit card interest rates. Analyst Siraj Ahmed tells clients in a note that there is potential for the 10% rate cap, if legislated, to limit the business that credit card providers do with riskier consumers. He thinks that this could be positive for buy-now-pay-later providers, such as Australia's Zip. However, Ahmed warns that its virtual-card and in-store operations have implied rates in excess of 10% and could therefore be hit. Citi has a last-published buy rating and A$4.50 target price on the stock, which is up 6.3% at A$6.785. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 11, 2026 18:46 ET (23:46 GMT)

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