Capital One Financial Corporation (COF): 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?

“I think, I think that Richard Fairbank, the genius who runs Capital One, could very well use the Discover network to go against Mastercard, Visa,  and American Express cause it has a lower [inaudible]. How do you like that? They have a hundred and twenty million cards! They have a hundred and twenty million cards! Why couldn’t they have their own network? Why couldn’t they just tell the retailers look this is what we’re going to use from now on and we’re gonna save you a lot of money.

“Why is the stock down now? Stock’s down. I love the stock. It was going to be up big today. I thought it would be up ten.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.