Cramer Rejects Synchrony Financial, Backs Capital One After $259-$225 Pullback
Jim Cramer said he doesn’t want to own Synchrony Financial and prefers Capital One after it pulled back from $259 to $225. Synchrony shares fell 1.1% following his remarks highlighting Capital One’s increased share repurchasing program.
1. Cramer’s Remarks
On February 7, Jim Cramer stated on Mad Money that he “doesn’t want to own Synchrony Financial,” expressing a clear preference for Capital One after its shares retreated from $259 to $225.
2. Stock Reaction
Synchrony Financial shares declined by 1.1% following Cramer’s comments, illustrating the sway of high-profile endorsements on market sentiment and short-term price movements.
3. Business Profile
Synchrony Financial issues credit cards, offers installment loans and healthcare financing, and runs basic banking services, while retiring roughly 7% of its shares annually to return capital to shareholders.
4. Capital One Comparison
Cramer pointed to Capital One’s decision to step up its share repurchase program this quarter as the primary reason for favoring it over Synchrony Financial.