With the aim of optimizing ferromagnetic metals for use in semiconductor optical isolators, we characterized the transverse magneto-optic Kerr effect in the ferromagnetic metals Fe, Co, and Fe50Co50 at the telecommunication wavelength of 1550 nm. Fe50Co50 showed the largest transverse Kerr effect. We compared the experimental results with theoretical calculations based on previous reports. From this comparison, Fe50Co50 is the most suitable ferromagnetic metal among the three materials for semiconductor optical isolators operating at 1550 nm.