Jim Cramer Says He Prefers Capital One Over Synchrony Financial

Synchrony Financial (NYSE:SYF) is one of the stocks Jim Cramer highlighted recently. Cramer mentioned that he prefers another company. He remarked:

 “Then up next is Synchrony Financial. That’s a credit card issuer, which has retired 7% of its shares per year. Tempting? No, because, see, I prefer Capital One, which said this very day that it’s stepping up its share repurchasing this quarter.”

Synchrony Financial (NYSE:SYF) provides consumer financial services, including credit cards, installment loans, and deposit products such as Certificates of Deposit, savings, and money market accounts. Moreover, the company offers branded financing solutions across retail, healthcare, and specialty sectors. On September 11, BofA analyst Mihir Bhatia raised the company’s stock price target to $84 from $80, while maintaining a Buy rating. He noted that stronger spending patterns and the start of the Walmart program strengthen the firm’s view that loan growth has bottomed and will accelerate “nicely” next year.

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Disclosure: None. This article is originally published at Insider Monkey.