Published 2 months ago

Jim Cramer Says Capital One's Stock 'May Actually Go Up' After $35.3B Discover Deal: Here's Why - Discover Finl (NYSE:DFS), Capital One Finl (NYSE:COF)

Summary by Ground News

Jim Cramer said that Discover consistently maintains substantial put and common short positions, suggesting that there's a chance Capitol One's stock might rise. This commentary comes in the wake of Capital One's announcement of its plans to purchase Discover in a landmark $35.3 billion all-stock transaction. If successful, the merger has the potential to transform the credit card services landscape in the United States.

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CNBC

Jim Cramer says buy Capital One stock after blockbuster deal for Discover

Discover's payments network is a valuable asset that Capital One CEO Richard Fairbank can make even better, CNBC's Jim Cramer said Tuesday.

2 months ago·United States

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Benzinga

Jim Cramer Says Capital One's Stock 'May Actually Go Up' After $35.3B Discover Deal: Here's Why - Discover Finl (NYSE:DFS), Capital One Finl (NYSE:COF)

Cramer noted that Discover typically maintains a significant put and common short position, suggesting that Capital One's stock might actually rise as a result.

2 months ago·New York, United States

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