American Express and other financial stocks tumbled following President Trump's announcement of a proposed 10% cap on credit card interest rates. AXP fell 5.03% to $356.75, while major banks and consumer finance companies experienced broader selloffs. Analysts warn the cap would severely hurt revenue and profits for credit card issuers, potentially forcing them to raise fees and reduce credit availability.

Visa is preparing to report Q4 FY'25 earnings, with analysts expecting strong revenue growth driven by robust payment volumes and cross-border transactions. The key focus is on maintaining momentum without margin compression amid mixed economic signals.

Synchrony Financial declared a quarterly cash dividend of $0.30 per common stock share, payable on November 17, 2025, to shareholders of record as of November 5, 2025. The company also announced preferred stock dividends for its Series A and Series B preferred stocks.

Goldman Sachs reports subprime consumers are showing resilience and financial stability, with improving credit metrics across cards, auto loans, and personal loans, defying economic uncertainties.

Apple's stock has plunged due to tariffs on goods from China, but the company is finding success in its financial services business, including Apple Pay and Apple Card, which are attracting interest from major financial institutions.

Synchrony Financial reported mixed Q4 results, with earnings missing estimates, lower purchase volume, and a decline in active accounts. The company provided a FY25 outlook, expecting revenue of $15.2B-$15.7B and an efficiency ratio of 31.5%-32.5%.

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Financial stocks such as American Express, Synchrony Financial, and Huntington Bancshares surged due to the prospect of greater financial deregulation under the incoming Trump administration and Republican-controlled Congress.

The S&P 500 index briefly hit a record high on Tuesday, extending its winning streak to seven days, ahead of the Federal Reserve's highly anticipated interest rate decision. The market's performance was mixed, with small-cap stocks outperforming their larger counterparts.

PRA Group, Inc. reported strong Q2 2024 earnings, with EPS of $0.54 significantly exceeding the consensus estimate. The company saw improved cash collections, higher portfolio income, and solid purchasing activity, though expenses also increased. The company provided an optimistic outlook for 2024, expecting continued portfolio investment and double-digit cash collection growth.

Investors are closely watching stocks that could be impacted by the outcome of the U.S. presidential elections, especially those more exposed to government policy actions such as banking and clean energy.

The article discusses several stocks to watch on Wednesday, including Johnson & Johnson, Spirit Airlines, United Airlines, ASML, and Synchrony Financial. It provides details on the companies' upcoming earnings reports and stock price movements.