We have recently published 10 actions on the mind of Jim Cramer while he abandons to become a fed chair. Capital One Financial Corporation (NYSE: COF) is one of the actions that recently discussed Jim Cramer.
The merger of Capital One Financial Corporation (NYSE: COF) with Discovery has made it one of the preferred actions to cramer in the banking sector. It is particularly enthusiastic about the idea of developing the company to develop one of the largest payment networks in America and to eat Mastercard and Visa market share. This time, however, Cramer targeted above and indicated that Capital One Financial Corporation (NYSE: COF) could also target American Express:
“Okay, get him now, David. Richard Fairbank, often considered as the real dean of the bank and I bet that even Jamie, I mean that he is dear, would agree with this. He concluded an agreement with Discover, he closed. I thought it would never have the blessing of the Biden administration, but then Harris did not win. So there was the second exchange network after Amex. David. Global card.
In its previous comments, the CNBC television host discussed Capital One Financial Corporation (NYSE: COF) Discover Deal in Detail:
“The recent race concerns the acquisition of discover financial by capital
“… Put all this together, and it’s easy to see how capital shares could continue to be rewarded by a higher remuneration price. For the moment, the stock is sold for 11 times the estimates of the profits of next year, which makes it incredibly cheap against American Express at 20 times the profits. I use Amex because it is the closest comparison now that the discover deal is closed… ”.
