We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. Capital One Financial Corporation is one of the stocks Jim Cramer recently discussed.
Cramer’s comments about Capital One Financial Corporation were built on his earlier remarks, where he had praised its Discover acquisition and CEO Richard Fairbanks. Previously, the CNBC TV host has gone as far as to suggest that the Discover acquisition could allow Capital One Financial Corporation to create a payments network to rival major players such as Visa and Mastercard. This time, he mentioned the firm after discussing Affirm Holdings, as he commented that “people were selling Capital One” due to the weakness in Affirm’s share price:
“Capital One, uh seriously, the stock was down ten yesterday, it’s up 15 recommended at what. . .what did Wells Fargo recommend it? I think Capital One, you’re dealing with Richard Fairbank, he’s probably the foremost lender. Didn’t get hurt during the great period of 2007-9, came out, smelled like the roses, got Discover. I think that he, that stock there was a tremendous overreaction yesterday. I would buy it aggressively. Owned by the charitable trust. Aggressively buy it. Because his record of nonperformers is the best there is of the majors.”
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This article is originally published at Insider Monkey.
