Jim Cramer Says “Capital One Discover Has Got Really Fabulous Scale”

“I inactive similar Capital One, COF, for its acquisition of Discover, a recognition paper institution that gives them the borderline astatine the register, due to the fact that it’s cheaper for merchants to usage Capital One Discover than Visa oregon MasterCard. The banal sells astatine 10 times net adjacent arsenic the institution has astir 160 cardinal cards successful circulation. Block, the aged Square that we talked to past night, it has astir 57 cardinal Cash App users, and it sells for astir 25 times earnings. That doesn’t marque consciousness to me.

Photo by Yiorgos Ntrahas connected Unsplash

Capital One Financial Corporation (NYSE:COF) is simply a banking, lending, and paper services steadfast that provides deposits, recognition cards, car loans, and commercialized financing. The institution besides supports consumers, tiny businesses, and commercialized clients with advisory and treasury services.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.