Shares of US banks and financial services companies fell in premarket trading ahead of Monday’s Wall Street session, following a proposal by President Donald Trump regarding credit card interest rates.
Trump suggested imposing a 10% cap on credit card interest rates for one year, without providing clarity on how such a measure would be implemented, raising concerns among investors about potential impacts on profitability across the banking and payments sectors.
As a result, Citigroup shares dropped 4%, while JPMorgan Chase fell 2.9% and Bank of America declined 2.4%. In the payments sector, Visa shares slipped around 2%, and Mastercard fell by more than 2%, amid broad-based selling pressure.
التعليقات
لا توجد تعليقات بعد. كن أول المعلّقين!