DFS - Jim Cramer Says Capital One's Stock 'May Actually Go Up' After $35.3B Discover Deal: Here's Why | Benzinga
Jim Cramer recently shared his insights on Capital One Financial Corp‘s (NYSE:COF) acquisition of Discover Financial Services (NYSE:DFS) and its potential impact on the stock market.
What Happened: Jim Cramer, the host of CNBC’s “Mad Money,” took to social media platform X on Tuesday to discuss the ramifications of Capital One acquiring Discover. Cramer said that Discover consistently maintains substantial put and common short positions, suggesting that there’s a chance Capitol One’s stock might rise despite these typical market positions.
Discover always has a pretty hefty put position and common short position so Capitol One's stock may actually go up! — Jim Cramer (@jimcramer) February 19, 2024
See Also: Market Clubhouse Morning Memo
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. This strategic acquisition aims to reshape ...