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

I privation you to beryllium precise optimistic. They person capable wealth to bash a buyback. They’re going to beryllium yet merged correctly with Discover. They did marque an acquisition that benignant of threw radical off, wounded the stock. Plus, of course, the Trump talked astir however you ought to enactment a apical on, 10%. That was truly atrocious for them. I deliberation that’s gone away. I deliberation Capital One is my implicit favourite stock. I said truthful this greeting successful our broadcast with Jeff Marks. I say, you’re successful a bully one.

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Capital One Financial Corporation (NYSE:COF) provides banking and fiscal services, including recognition cards, loans, deposit accounts, and commercialized banking solutions. Cramer was bullish connected the banal erstwhile a caller inquired astir it during the March 9 episode, arsenic helium said:

Okay, now, Capital One is, it’s supercharged close present due to the fact that it’s got a batch of recognition paper debt, obviously, and radical are precise acrophobic astir recognition paper indebtedness astatine a clip erstwhile lipid has moved up truthful much. One point, the banal was down six today. I would archer you that it’s an incredible, fantastic opportunity. We ain the banal for the Charitable Trust. It did spell arsenic precocious arsenic $250. We sold some, we bought it backmost a small excessively quickly, but it’s down a immense magnitude successful the past month, and I deliberation it’s conscionable a coagulated buy.

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