Stock “Is Breaking Out,” Says Jim Cramer
We recently published a list of Jim Cramer Wants US To Be “As Good As” Europe & Discusses These 12 Stocks. In this article, we are going to take a look at where Capital One Financial Corporation (NYSE:COF) stands against other stocks that Jim Cramer discusses.
Capital One Financial Corporation (NYSE:COF) is an American regional bank that has been in the news this year due to its acquisition of digital bank and financial technology firm, Discover. The stock is up by 7.9% year-to-date after recovering from a 17% Liberation Day drop as investors fretted about the future state of the US economy. However, Capital One Financial Corporation (NYSE:COF)’s shares have dipped by 2% over the past month amidst broader market concerns. Here are Cramer’s latest comments about Capital One Financial Corporation (NYSE:COF):
“But let’s go the other way. Capital One which is the largest issuer of credit cards for people who are questionable credit. Although not with Richard Fairbank, cause he’s a lot smarter than we are. I mean that stock is breaking out here. That’s after the merger with Discover Financial. I still think they can [inaudible] up with a credit card that does not charge, the restaurant does not put a 3% charge on.”
A smiling face of a customer as they make a deposit at this company’s branch.
Cramer has discussed Capital One Financial Corporation (NYSE:COF)’s Discover merger in quite a bit of detail. Here are his recent thoughts:
“I’ll give you a regional [bank] that I love David, let’s see if you can guess it. . . .How’s that stock [COF] doing?
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