Trump Puts Wall Street on Edge as He Aims at Cards, Homebuying

For Wall Street, President Donald Trump’s first year back in office was marked by opportunities. The start of the new year has shown the risks of drawing his attention.

Stocks of the biggest banks tumbled Monday as the president called for a 10% cap on credit-card rates. That came days after real estate investors were blindsided when he floated a ban on institutional buyers purchasing single-family homes.

Key Wall Street businesses have been caught in the crosshairs of the president’s sudden focus on affordability ahead of midterm elections later this year, with the Republican sometimes taking on stances previously ...