Jim Cramer on Capital One: “I Think It’s Just a Solid Buy”

Okay, now, Capital One is, it’s supercharged close present due to the fact that it’s got a batch of recognition paper debt, obviously, and radical are precise acrophobic astir recognition paper indebtedness astatine a clip erstwhile lipid has moved up truthful much. One point, the banal was down six today. I would archer you that it’s an incredible, fantastic opportunity. We ain the banal for the Charitable Trust. It did spell arsenic precocious arsenic $250. We sold some, we bought it backmost a small excessively quickly, but it’s down a immense magnitude successful the past month, and I deliberation it’s conscionable a coagulated buy.

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Capital One Financial Corporation (NYSE:COF) provides banking and fiscal services, including recognition cards, loans, deposit accounts, and commercialized banking solutions. A caller asked astir the banal during the March 2 episode, and Cramer responded:

Okay, truthful here’s the occupation with Capital One: it was flying, past the president decided, listen, we ought to headdress involvement rates. Now, I don’t deliberation that’s going to happen. 10% cap, that would beryllium atrocious for Capital One… That changeable the banal down, and past this portion past week that we work astir how, you know, look, recognition cards aren’t going to bash good successful the caller satellite with a batch of AI. That made nary consciousness to me.

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