Capital One Financial Corporation (NYSE:COF) is one of the stocks that Jim Cramer shed light on. When a caller mentioned that the company stock has been “screaming” higher, Cramer commented:
“Yeah, the Capital One is, both of these are buys. Capital One, down today. That’s a great opportunity.”
A smiling face of a customer as they make a deposit at this company’s branch.
Capital One provides a wide range of financial services, including credit cards, loans, and deposit accounts for individuals, small businesses, and commercial clients. The company also offers online banking, treasury management, and advisory services. On June 1, Cramer mentioned the stock and said that it can go higher. He remarked:
“It also bodes well for the banks, any banks, including Bank of America, Wells Fargo, and my favorite right now is Capital One. Now that Capital One has merged with Discover, its stock has the potential to keep climbing because it’s put together a credit card powerhouse. And I know it’s up a lot, but it can go higher.”
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This article is originally published at Insider Monkey.
