Capital One Financial Corporation (NYSE:COF) is one of the 25 stocks Jim Cramer recently shared insights on. The company has been one of Cramer’s favorites for a while, and he reiterated the sentiment during the episode. He said:
“It also bodes well for the banks, any banks, including Bank of America, Wells Fargo, and my favorite right now is Capital One. Now that Capital One has merged with Discover, its stock has the potential to keep climbing because it’s put together a credit card powerhouse. And I know it’s up a lot, but it can go higher.”
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 credit cards, loans, banking products, and advisory solutions, serving individuals, small businesses, and commercial clients. On the June 25 episode of Mad Money, Cramer mentioned the company while discussing the banks, as he said:
“Fifth and finally, and yes, oddly, the banks. It’s been ages since it’s been a leadership group, but interest rates are high, and the banks do well in that environment. They do terrifically when unemployment is low because people rarely default on their desks when they have jobs. On Friday, after the close, we’re going to see the banks’ stress test… the grades. Those are the ones that are administrated by the Fed.
While we acknowledge the potential of COF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
