JPMorgan Says ‘Everything’ on Table to Fight 10% Credit Card Cap
Market Intelligence Analysis
AI-PoweredJPMorgan Chase warns that a proposed 10% credit card rate cap could significantly impact its business, potentially harming the bank and its customers, amidst a decline in investment-banking fees.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
JPMorgan Chase & Co. warned that President Donald Trump’s call for a 10% cap on credit card rates threatens to “significantly change” its business and would harm the biggest US bank and customers. This comes after the JPMorgan Chase & Co.’s investment-banking fees unexpectedly fell in the fourth quarter, missing the firm’s own guidance from just last month as revenue from both underwriting and advising on mergers declined. (Source: Bloomberg)
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