Matt Frankel

I don't think that the 10% thing is going to happen.

John mentioned Buy Now, Pay Later as an obvious beneficiary.

Think of any company that focuses on alternate ways of borrowing money, home equity loan companies, companies like SoFi.

The President said absolutely nothing about capping personal loan interest rates.

Anything that offers alternative ways of providing the credit that Americans have grown accustomed to could be companies to watch here.

I'm looking for Capital One.

Wouldn't you know it, the President wants to cap credit card interest rates at 10%, and Capital One pulled back by 10% in response.

Nice coincidence there.

As we've discussed, the 10% cap is unlikely to happen.

I don't know what's going to happen, but this bank has excellent profitability.

It trades for less than 12X earnings right now.

The Discover merger, which was completed last year, creates some really interesting possibilities.

Capital One is now the only major bank that owns a payment network.

It will take time, but the company is gradually moving its own portfolio, especially debit cards, onto the Discover network, saving the interchange fees that it would normally be paying to Visa and MasterCard.

It could ultimately provide third-party processing for other banks' cards with its own network.

Capital One is a founder-led bank.

A lot of people don't realize that.

It's the largest founder-led bank in the country and has an excellent credit card business, a massive customer base, especially now after the Discover merger.

It's doing a great job of taking deposit market share from the other branch-based institutions by offering things like high-yield deposit accounts that the big four don't offer.

Capital One is one that I'm really watching right now.