5 Best Financial Stocks to Buy According to Warren Buffett

In this article, we will list the 5 best financial stocks to buy according to Warren Buffett. Please visit 10 Best Financial Stocks to Buy According to Warren Buffett if you would like to see the extended list and the methodology behind it.

5. Capital One Financial Corporation (NYSE:COF)

Berkshire Hathaway’s Stake: $1.3 Billion

Capital One Financial Corporation (NYSE:COF) is a relatively recent addition to the 13F portfolio of Berkshire Hathaway. The fund first disclosed a stake in the company in the first quarter of 2023. Back then, this position comprised over 9.9 million shares. In the next quarter, the fund added to this position by 25%, growing share ownership to just under 12.5 million shares. In the second quarter of 2024, the fund trimmed the stake by over 21%, bringing share ownership down to around 9.8 million shares. Filings for the first quarter of 2026 show that the fund owned 7.1 million shares in the company, the same as in the previous quarter.

Capital One Financial Corporation (NYSE:COF) has been attracting interest from investors on Wall Street following a narrow headline miss in the latest earnings report. The firm reported a first-quarter net income of $2.2 billion. Adjusted EPS came in at $4.42, slightly trailing Wall Street consensus estimates of $4.51–$4.61 due to heavy integration-related adjustments. Total net revenue hit $15.23 billion against the $15.37 billion expected. Despite the minor miss, core business performance was highly positive. Pre-provision earnings actually increased 8% sequentially to $6.8 billion. The firm is in the process of integrating Discover Financial Services and the long-term prospects of this merger remain highly attractive to elite investors.