5 Best Financial Services and Bank Stocks to Buy According to Daniel Johnson’s Gillson Capital

4. Capital One Financial Corporation (NYSE:COF)

Gillson Capital’s Stake Value: $18.847 million

Percentage of Gillson Capital’s 13F Portfolio: 1.76%

Number of Hedge Fund Holders: 64

Capital One Financial Corporation (NYSE: COF) is a holding company that has expertise in auto loans, credit cards, banking, and saving accounts. The company was incorporated in 1994 and ranks fourth on the list of 10 best financial services and bank stocks to buy according to Daniel Johnson’s Gillson Capital.

On July 22, Capital One Financial Corporation (NYSE: COF) reported earnings for the second quarter of 2021. It declared earnings per share of $ $7.71, beating the market predictions by $3.17. In addition, revenue for the second quarter was $7.37 billion, up 12.48% year over year, beating the estimates by over $249 million.

Harris Associates owns more than 6.2 million shares of Capital One Financial Corporation (NYSE: COF) and is, therefore, the biggest shareholder of the company. Gillson Capital currently owns 121,834 shares in the company, which amounts to a worth of $18.847 million.

ClearBridge Investments, an investment management firm, published its Q2 2021 investor letter in which it mentioned Capital One Financial Corporation (NYSE: COF). Here is what to say about the company:

“Portfolio holdings in the communication services and financial sectors also made strong contributions… In financials, Capital One has also benefited, at least indirectly, from government stimulus that has strengthened customer balances sheets and driven credit losses to record lows. Capital One should also benefit from a reopening of the economy and increased discretionary spending.”