Squawk on the Street Cramer’s Morning Take: Capital One 1/23/26
Jan 23, 2026
Discussion centers on a financial stock with potential for dramatic upside. Deep dive into Capital One's $5.15B Brex acquisition and why it reshapes corporate card and banking strategy. Conversation about buybacks, an earnings miss, higher expenses, and management's growth vision. Analysis of short-term regulatory and credit overhang versus chances for a rebound.
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Acquisition Brings High-Growth Tech Clients
- The acquisition brings fast-growing tech startups as clients, widening Capital One's enterprise customer base.
- Cramer highlights Anthropic, Coinbase, TikTok, Robinhood and others as strategic client relationships.
Deal Repositions Capital One In Corporate Cards
- Capital One's acquisition of Brex repositions it strongly in corporate cards and business banking.
- Jim Cramer believes the deal aligns Capital One's model more with American Express and boosts competitiveness.
Watch For Continued Share Buybacks
- Expect Capital One to continue share buybacks despite the Brex purchase and watch quarterly repurchase trends.
- Cramer suggests the $2.5 billion buyback might be a recurring quarterly average to monitor.