Jim Cramer on Capital One: “I Want You to Be Very Optimistic”

Capital One Financial Corporation (NYSE:COF) is among Jim Cramer’s stock calls as he discussed the impact of the bond market. Mentioning that they have been in the house of pain for some time, a caller inquired if they should be optimistic over the next 12 to 24 months. Cramer stated:

I want you to be very optimistic. They have enough money to do a buyback. They’re going to be finally merged correctly with Discover. They did make an acquisition that kind of threw people off, hurt the stock. Plus, of course, the Trump talked about how you ought to put a top on, 10%. That was really bad for them. I think that’s gone away. I think Capital One is my absolute favorite stock. I said so this morning in our broadcast with Jeff Marks. I say, you’re in a good one.

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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. Cramer was bullish on the stock when a caller inquired about it during the March 9 episode, as he 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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