We recently published 10 Stocks On Jim Cramer’s Mind As He Gives Up On Becoming Fed Chair. Capital One Financial Corporation (NYSE:COF) is one of the stocks Jim Cramer recently discussed.

Capital One Financial Corporation (NYSE:COF)’s merger with Discovery has made it one of Cramer’s favorite stocks in the banking industry. He is particularly enthusiastic about the potential for the firm to develop one of the biggest payment networks in America and eat away market share from Mastercard and Visa. This time, however, Cramer aimed higher and indicated that Capital One Financial Corporation (NYSE:COF) might also aim at American Express:

“Okay, now get this, David. Richard Fairbank, often considered to be the actual dean of banking and I bet you even Jamie, I mean he’s like Cher, would agree with that. He has put together a deal with Discover, it closed. I thought that this would never get the blessing of the Biden administration, but then, Harris didn’t win. So this gets approved. He’s now got the second exchange network after Amex. David, he’s going for it. He’s going to go for a worldwide card. And I would not bet against Richard Fairbank. Hence why it is up ten dollars of a quarter that was very confusing but it is clearly going in the right direction.

In his earlier comments, the CNBC TV host discussed Capital One Financial Corporation (NYSE:COF)’s Discover deal in detail:

“The recent run is all about Capital One’s acquisition of Discover Financial in an all-stock deal valued at $35.3 billion…

Capital One Financial Corporation (COF): CEO’s Going For A “Worldwide Card,” Says Jim Cramer