Amid stock market fluctuations, Capital One Financial has emerged as a worthwhile investment, bolstered by a potential merger with Discover Financial. The stock has soared 121% over the past two years, recently nearing an all-time high of $200 per share. Jim Cramer advocates strongly for Capital One, which also has Warren Buffett's endorsement through its inclusion in the Berkshire Hathaway portfolio, although as a minor holding. This combination of factors makes Capital One an attractive option in the current market landscape, especially considering its relatively low price-to-earnings ratio of 16.5.
With shares flirting with new all-time highs just north of the $200 per-share mark and the potentially needle-moving catalyst in the form of the Discover Financial merger, it's hard not to be just a bit interested in Capital One.
Capital One isn't just a name to receive Jim Cramer's blessing, it also appears to have Warren Buffett's gold stamp of approval, given it's a holding in the Berkshire Hathaway portfolio as of the end of last year.
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