Barclays Could Face 6% Fall in Pretax Profit on Trump Credit Card Interest Plan -- Market Talk

Dow Jones01-12

1231 GMT - President Trump's proposal for a one-year, 10% cap on U.S. credit card interest rates would result in 600 million pounds of lost revenue and lead to a 6% fall in Barclays' pretax profit, analysts at J.P. Morgan write. The current U.S. average credit card rate charged by banks is about 21%, according to the analysts. Trump's proposal will reignite a debate around the bank's spending on its U.S. consumer business, taking up management time and dragging on the group's cost of equity, the analysts say. Barclays will shift resources to divisions with strong momentum, like its U.K. operations, they add. Barclays falls 3.3%. U.S. credit card lenders also slip premarket, with J.P. Morgan down 2.75% while Capital One tumbles 9.1%. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 07:32 ET (12:32 GMT)

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Trump's proposal will reignite a debate around the bank's spending on its U.S. consumer business, taking up management time and dragging on the group's cost of equity, the analysts say. Barclays will shift resources to divisions with strong momentum, like its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. operations, they add. Barclays falls 3.3%. U.S. credit card lenders also slip premarket, with J.P. Morgan down 2.75% while Capital One tumbles 9.1%. 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