Capital One Financial Corporation (COF): One of the Elite Financial Stocks According to Berkshire Hathaway

We just covered the 10 Best Financial Stocks to Buy According to Warren Buffett and Capital One Financial Corporation (NYSE:COF) ranks 5th on this list.

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.

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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.

While we acknowledge the risk and potential of COF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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