Capital One (COF) “is Extraordinary,” Says Jim Cramer

Core Viewpoint - Capital One Financial Corp (NYSE:COF) is highlighted as a strong investment opportunity, particularly due to its acquisition of Discover Financial, which is expected to enhance its credit card business [2][3]. Group 1: Analyst Ratings and Price Targets - Citi raised Capital One's share price target to $310 from $290 in late December [2]. - Wells Fargo increased the share price target to $280 from $265 on January 5th, maintaining an Overweight rating, indicating potential benefits from developments in the consumer finance sector [2]. Group 2: Jim Cramer's Commentary - Jim Cramer described Capital One as "extraordinary," noting its valuation at 12 times earnings and the strategic advantage gained from acquiring Discover [3]. - Cramer emphasized that Capital One is a favorable choice for investors concerned about high price-to-earnings multiples [3].