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Why Capital One and other credit card stocks just dropped

12h

Banks and financial services stocks slid Monday after US President Donald Trump called for a 10% one year cap on credit card interest rates. Capital One shares dropped 6% in early trading and Synchrony Financial lost 7%. Credit cards account for a large share of both banks’ business models. Citigroup lost 3%, JPMorgan Chase shed […]

The postWhy Capital One and other credit card stocks just droppedappeared first onRolling Out.

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