Financial services company Capital One Financial Corp. (NYSE:COF) is set to report its fourth quarter results on Thursday, amid the looming threat of President Donald Trump’s proposed 10% cap on credit card interest rates, which analysts said leaves the bank more exposed relative to its peers.
Capital One Is ‘Most Vulnerable’ To Credit Card Rate Caps
According to analysts at CFRA Research, Capital One is among the “most vulnerable” to this policy proposal, given its heavy reliance on revolving credit card balances and net interest income.
During its third-quarter results, Capital One reported $271 billion in credit card loans, up 70% year-over-year, following its acquisition of Discover Financial Services, which closed …