13 Stocks Jim Cramer Recently Shed Light On

7. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders: 93

Capital One Financial Corporation (NYSE:COF) is one of the 13 stocks Jim Cramer recently shed light on. During the episode, Cramer said that it is his “favorite” stock, as he commented:

“Fifth and finally, and yes, oddly, the banks. It’s been ages since it’s been a leadership group, but interest rates are high, and the banks do well in that environment. They do terrifically when unemployment is low because people rarely default on their desks when they have jobs. On Friday, after the close, we’re going to see the banks’ stress test… the grades. Those are the ones that are administrated by the Fed.

I think it could be still one more positive catalyst for a group that’s been a real winner under President Trump, who obviously favors deregulation. Today, the banks were told that they can have a little more leverage and don’t need to put up as much cash, that’s just incredibly bullish. My favorite is Capital One, which just closed on a key acquisition, Discover Financial. I think it’s, that it will turn its credit card business into an even bigger house.”

Capital One (NYSE:COF) provides a broad range of financial services, including credit cards, loans, and deposit products, along with digital and in-person banking solutions.