Everyone Should Watch Capital One (COF), Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down. Capital One Financial Corporation is one of the stocks Jim Cramer discussed on the show.

Unlike Block, Cramer has consistently praised Capital One Financial Corporation over the past couple of months. Most of his praise has centered on the firm’s blockbuster acquisition of Discover Financial. Capital One Financial Corporation bought Discover for a whopping $35.3 billion all-stock transaction. Cramer believes that the transaction will enable the firm to compete with payment giants Visa and Mastercard. He is also a fan of Capital One Financial Corporation’s CEO,  Richard Fairbanks. Cramer also believes the stock should be at the $230 level. This time, he advised viewers to keep an eye on Capital One Financial Corporation’s shares:

“I want everyone to watch Capital One, my charitable trust owns that. That’s the one we just saw delinquencies you know going up much higher for autos. Capital One’s become a much better lender but they charge a lot, let’s see how they do. It’s been a good run since they bought Discovery, I mean it’s been stalled for a long time now.”

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This article is originally published at Insider Monkey.