Citigroup, JPMorgan Chase, American Express, Bank of America, and other financial stocks fell Monday after President Donald Trump called for a cap of 10% on credit-card interest rates as part of his push to ease affordability concerns.

A number of banking and financial stocks slumped Monday after Trump over the weekend suggested that credit card interest rates should be capped.

In 2025, this stock market trio delivered an encore performance following the first year of Trump's second, non-consecutive term. When the curtain closed on Dec. 31, the Dow, S&P 500, and Nasdaq Composite had climbed 13%, 16%, and 20%, respectively, with all three notching several record-closing highs throughout the year.

The president’s Friday call for a 10% cap on credit-card rates have hit shares from Citigroup to Synchrony Financial.