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A number of banking and financial stocks slumped Monday after President Donald Trump over the weekend suggested capping credit card interest rates.

U.S. banks and financial institutions on Monday pushed back against President Donald ‌Trump's proposed cap on credit card interest rates, citing new data that showed it would result in millions of American households and small businesses losing access to credit.

The major lenders on Wall Street will start the fourth-quarter earnings season this week while shareholders monitor their financial reports to understand the direction of the sector for 2026. JPMorgan Chase reports Tuesday, followed by Bank of America, Citigroup, and Wells Fargo on Wednesday, then Goldman Sachs and Morgan Stanley on Thursday, according to MarketWatch.

U.S. banks are entering the new year on solid footing after a strong 2025, and analysts say that momentum should continue, barring any unforeseen shocks.

A number of banking and financial stocks slumped Monday morning after President Donald Trump over the weekend suggested capping credit card interest rates.

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US big banks are set to kick off earnings season next week, and experts are bracing for solid results. According to Ken Leon, a senior CFRA analyst, the outlook for these banking giants is “very positive”, with several tailwinds that could lift both profits and stock prices.

JPMorgan Chase is set to release fourth-quarter earnings on Tuesday, followed by Bank of America, Wells Fargo, and Citigroup the next day.