Jim Cramer recently discussed Capital One Financial Corporation (NYSE:COF) as one of his favorite stocks in the banking industry due to its merger with Discovery. He sees potential for COF to develop a major payment network in America and compete with Mastercard and Visa. Additionally, Cramer mentioned COF’s aim to challenge American Express.

Capital One Financial Corporation (NYSE:COF) CEO, Richard Fairbank, has set his sights on creating a “worldwide card” after the successful merger with Discovery. Jim Cramer praised Fairbank’s ambitious vision and sees potential for COF’s stock to continue rising due to its low price-to-earnings ratio compared to American Express.

Cramer highlighted the significance of Capital One Financial Corporation (NYSE:COF)’s recent acquisition of Discover Financial in a $35.3 billion all-stock deal. He believes that COF’s stock could see further growth in value as it continues to expand its market presence and challenge competitors like American Express.

Read more at Yahoo Finance: CEO’s Going For A “Worldwide Card,” Says Jim Cramer