Bank CEOs warned the White House on Tuesday that Trump’s actions will do more harm than good to the American economy. But in response, Trump did not back down on his proposals or attacks on the Fed.

Citigroup, JPMorgan Chase, American Express, Bank of America, and other financial stocks fell Monday after President Donald Trump called for a cap of 10% on credit-card interest rates as part of his push to ease affordability concerns.

JPMorgan Chase is reporting a 9% rise in adjusted profits for the fourth quarter, benefiting from a strong economy in both consumer and investment banking.

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.

A number of banking and financial stocks slumped Monday after Trump over the weekend suggested that credit card interest rates should be capped.

President Donald Trump said Wednesday that he intends to ban large institutional investors from buying additional single-family homes.