MasterBrand

MBC

Market cap $1.6B

Top executives from the nation's largest financial institutions issued warnings this week during fourth-quarter earnings calls, arguing that President Donald Trump's proposed 10% cap on credit card interest rates would backfire.

President Trump's announcement blindsided the industry, sending banking shares tumbling across Wall Street this past week.

Pres. Trump discusses recent economic controversy and proposals in front of the press.

JPMorgan CFO Jeremy Barnum warned that President Trump's proposed 10% credit card interest rate cap could hurt the economy and reduce access to credit for consumers who need it most.

BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced it will release its fourth quarter and full year 2025 financial results after the market close on Tuesday, February 10, 2026. The Company will hold a live conference call and webcast at 4:30 p.m. ET the same day to discuss the financial results and business outlook. Telephone access to the live call will be available at.

JPMorgan's top finance executive warned that the move would be “very bad for consumers.”

Joe Mazzola with @CharlesSchwab shares his takeaways from the CPI report and thinks the most important part is the impact on fixed income: “if we can continue to have stability” in the 10-year, he says, it can boost the equity market. He thought JPMorgan Chase's (JPM) earnings were “good” but thinks Trump's comments about capping credit card rates are weighing on the financial sector.

President Trump's proposed 10% credit card interest rate cap could eliminate access for 175 million to 190 million cardholders, with lower and middle income consumers hit hardest.

JPMorgan Chase CFO Jeremy Barnum said the industry could fight President Donald Trump's demand for credit card price controls. Banks and industry insiders say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a dip in spending for the U.S. economy.

The earnings season's starting bell has rung, and bank stocks are off to the races this week with JPMorgan Chase & Co. (JPM) and the Bank of New York Mellon (BK) set to release fourth quarter earnings results on Tuesday. Additionally, President Trump's suggestion of a 10% cap on credit card fees has dragged down shares of major credit lenders on Monday.