Syeda Seirut Javed
2 min read
In This Article:
We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where Capital One Financial Corporation (NYSE:COF) stands against other stocks on Jim Cramer and Wall Street’s radar.
During April 24’s episode of Squawk on the Street, Cramer made the following comment about Capital One Financial Corporation (NYSE:COF):
“We own Capital One. Now I don’t know… people… in your world, this Capital One, it got approved, and, and, Fairbank is gonna stand there after this thing closes, and I think he’s gonna buy back a ton of stock because his stock is really cheap and he’s a reaallyy good banker […] Capital One, they’re supposed to be missing the quarter, people are supposed to be defaulting. It is the oddest time, it’s the strangest angst, David, I see people having angst and doing crazy things. They have angst, and they’re paying off their credit. You know when you have angst, you default.”
A smiling face of a customer as they make a deposit at this company's branch.
Capital One Financial Corporation (NYSE:COF) provides a broad range of financial services, including banking, lending, and credit products. The company offers checking and savings accounts, various types of loans, and digital banking services to individuals, small businesses, and commercial clients.
On May 21, BofA analyst Mihir Bhatia increased the price target for Capital One (NYSE:COF) to $233 from $223 and maintained a Buy rating after the recent acquisition of Discover Financial. The analyst highlighted that the closed-loop Discover network provides significant strategic opportunities that could strengthen Capital One’s deposit, banking, and card businesses. The firm noted that credit metrics are improving and expects expense synergies to be easily attainable.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
