Jim Cramer Reviewed 22 Stocks, Including Home Depot and Caterpillar, After the Relief Rally

16. Capital One Financial Corporation (NYSE:COF)

Capital One Financial Corporation (NYSE:COF) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. Cramer explained why he keeps a positive outlook on the company’s acquisition of Discover, as he said:

And if you want a mainstream lender with more exposure to the mass market, I’d rather own Capital One, especially now that the Discover deal’s done. There’s a reason we own this one for the Charitable Trust, and I feel so good about it. When Capital One bought Discover, it became the largest credit card issuer by balances in the United States… Bigger scale, more diversification, more operating leverage, and more ways to win if you’re right on the consumer… If you want broader scale and a more durable credit card franchise, then it’s Capital One, COF.

Capital One Financial Corporation (NYSE:COF) provides banking and financial services, including credit cards, loans, deposit accounts, and commercial banking solutions. During the April 6 episode, a caller asked whether they should be optimistic over the next 12 to 24 months, as they have been in the house of pain for some time. Cramer replied:

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.