Capital One Financial Corporation (COF): "I'm Focused" On It For My Trust, Says Jim Cramer

We recently published Jim Cramer Reveals His Trading Strategy For H2 2025 & Discusses These 16 Stockse. Capital One Financial Corporation (NYSE:COF) is one of the stocks Jim Cramer recently discussed.

After Capital One Financial Corporation (NYSE:COF) secured regulatory approval for its Discover merger earlier, Cramer has discussed the stock several times. His remarks have focused on the deal, with the CNBC TV host holding the firm belief that Capital One Financial Corporation (NYSE:COF) stands to disrupt the financial market with the deal. He believes that with Discover, the firm can create a card brand or payment system that could challenge the control exercised by Mastercard and Visa on the market. This time around, Cramer discussed Capital One Financial Corporation (NYSE:COF) CEO Richard Fairbank:

“The one I’m focused for my charitable trust, Capital One, Richard Fairbank, and what he’s doing with the closed loop system with Discover Financial. And I want to know, I don’t know what he’s up to. But I wish he’d come on, because man is he good.”

After Capital One Financial Corporation (NYSE:COF)’s secured regulatory approval, here’s what Cramer said:

“I’ll give you a regional [bank] that I love David, let’s see if you can guess it. . . .How’s that stock [COF] doing?

“I think, I think that Richard Fairbank, the genius who runs Capital One, could very well use the Discover network to go against Mastercard, Visa,  and American Express cause it has a lower [inaudible]. How do you like that? They have a hundred and twenty million cards! They have a hundred and twenty million cards! Why couldn’t they have their own network? Why couldn’t they just tell the retailers look this is what we’re going to use from now on and we’re gonna save you a lot of money.

“Why is the stock down now? Stock’s down. I love the stock. It was going to be up big today. I thought it would be up ten.”

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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.