Jim Cramer on Capital One: “I Think It’s Just a Solid Buy”

Capital One Financial Corporation (NYSE:COF) is one of the stocks on which Jim Cramer expressed his thoughts. When a caller inquired about the stock during the episode, Cramer said:

Okay, now, Capital One is, it’s supercharged right now because it’s got a lot of credit card debt, obviously, and people are very concerned about credit card debt at a time when oil has moved up so much. One point, the stock was down six today. I would tell you that it’s an incredible, fantastic opportunity. We own the stock for the Charitable Trust. It did go as high as $250. We sold some, we bought it back a little too quickly, but it’s down a huge amount in the last month, and I think it’s just a solid buy.

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Capital One Financial Corporation (NYSE:COF) provides banking and financial services, including credit cards, loans, deposit accounts, and commercial banking solutions. A caller asked about the stock during the March 2 episode, and Cramer responded:

Okay, so here’s the problem with Capital One: it was flying, then the president decided, listen, we ought to cap interest rates. Now, I don’t think that’s going to happen. 10% cap, that would be bad for Capital One… That shot the stock down, and then this piece last week that we read about how, you know, look, credit cards aren’t going to do well in the new world with a lot of AI. That made no sense to me.

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