Reported 2 days ago
Jim Cramer praises Capital One Financial Corporation (COF) for its recent merger with Discover, positioning it as a significant player in the banking sector. He reveals that CEO Richard Fairbank is aspiring to create a global payment network, potentially competing with major companies like American Express. Cramer emphasizes the investment potential of COF, especially given its attractive price-to-earnings ratio compared to rivals.
Source: YAHOO