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Barchart
Barchart
Aditya Raghunath

Analysts Say Capital One Stock Is a ‘Strong Buy.’ Did Trump Just Change That?

Capital One (COF) shares plunged nearly 7% on Monday after President Donald Trump proposed capping credit card interest rates at 10% for one year. The announcement sent shockwaves through the financial services sector and raised questions about the stock's bullish Wall Street consensus.

Trump caught bank executives off guard and triggered a broad selloff across the industry. Shares of major banks, including Citigroup (C), J.P. Morgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC), dropped between 1% and 3%, while card-focused companies like Visa (V), Mastercard (MA), and American Express (AXP) also declined. Capital One took the hardest hit, reflecting its heavy reliance on credit card operations, which dominate its loan portfolio.

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