Jim Cramer on Capital One: “Stick With It”

Capital One Financial Corporation (NYSE:COF) is one of the stocks Jim Cramer looked at. When a caller asked about the stock during the episode, Cramer stated:

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.

Capital One is Richard Fairbank. He’s going to integrate Discover, and that’s what matters. It’s the internal aspect of Capital One that I like. I think credit’s much better than we thought at this point last year. I don’t see that there’s anything wrong with this stock other than it is really one wild trader. Stick with it. We bought some back that we sold much higher last week. That’s the right trade.

Photo by Adam Nowakowski on Unsplash

Capital One Financial Corporation (NYSE:COF) provides banking and financial services, including credit cards, loans, deposit accounts, and commercial banking solutions.

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