For the week, shares of the credit card lender Capital One Financial (NYSE: COF) had dropped nearly 15% as of 2:45 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence. Shares of another credit card lender, Synchrony Financial (NYSE: SYF), traded 12.5% lower, while shares of the artificial intelligence-assisted loan company Upstart Holdings (NASDAQ: UPST) were down more than 15%. For consumer lenders, losses can spike due to rising interest rates and an economic downturn.
It's shaping up to be an expensive holiday season for travelers. Average airfare prices around the Christmas holiday are expected to be 55% more expensive than a year ago. Nobody wants to spend their entire holiday budget on airfare, but there are some ways to use credit card perks to spend less.
Investors need to pay close attention to Capital One (COF) stock based on the movements in the options market lately.