We recently published 14 Stocks Jim Cramer Discussed As He Shared Insights For Nuclear And Quantum Stocks. Capital One Financial Corporation is one of the stocks Jim Cramer recently discussed.
Banking giant Capital One Financial Corporation reported its third-quarter earnings earlier this week. The results saw it post $5.95 in earnings per share and $15.36 billion in revenue to beat FactSet estimates of $15.1 billion and $4.38. However, the stock remained jittery after the earnings. Cramer discussed the results:
Pixabay/Public Domain
“I am bummed out. My charitable trust owns it. It was up 10 last night. I think that Richard Fairbank, put on a clinic, here it comes. He’s doing a gigantic buyback. Discover’s going to start rivalling Mastercard and Visa. The defaults are down dramatically cause they’re such a good lender. Capital One is starting to do a high end card with lots of points that will compete with Sapphire and American Express. This is the one to own. This is the one to own.
“Fairbank once called me and I criticized that as being like not a great lender. He called me and I was at the doctor. I said listen, I’m at the doctor and he just said, Well I don’t really care. Listen to this. And then like I’m telling the doctor, hey listen, I gotta call you back. Because he didn’t care. That guy is fantastic.”
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This article is originally published at Insider Monkey.
