10 Best Financial Stocks to Buy According to Warren Buffett

7. Jefferies Financial Group Inc. (NYSE:JEF)

Berkshire Hathaway’s Stake: $18 Million 

Jefferies Financial Group Inc. (NYSE:JEF) is a relatively recent addition to the 13F portfolio of Berkshire Hathaway. The fund first disclosed a stake in the company in the third quarter of 2022. This position comprised over 453,000 shares. In the first quarter of 2023, the fund trimmed this holding by nearly 5% and brought share ownership down to around 433,000 shares. No buying or selling activity has been registered against this holding since then. Filings for the first quarter of 2026 show that the fund owned 433,000 shares in the company. Jefferies operates as an investment banking and capital markets firm.

Jefferies Financial Group Inc. (NYSE:JEF) is an investment banking powerhouse that is successfully capitalizing on the post-downturn dealmaking boom. The firm reported Q1 net revenues of $2.02 billion and net earnings of $155.7 million. Investment Banking net revenues hit $1.02 billion, propelled by near-record advisory fees and a massive surge in equity underwriting as initial public offerings (IPOs) and secondary market listings thawed. Its Capital Markets segment generated $779 million, driven by an impressive 37% year-over-year growth in Equities trading due to surging global client volumes. Ahead of its Q2 earnings release, top institutional desks including Morgan Stanley and Oppenheimer lifted their price targets.