Posted 3/13/2024, 9:50:00 AM
Berkshire Reveals New Bank Stock Purchase, JPMorgan and Capital One Top Guesses
- Warren Buffett and Berkshire Hathaway bought an undisclosed stock in Q4 2023, likely in the financial services sector based on reporting
- JPMorgan Chase is a top candidate given Buffett's past interest, its CEO, and its inexpensive valuation
- Capital One Financial is another possibility since Buffett was buying its shares earlier in 2023 when valuations were similarly low
- Discover Financial Services, though less likely, trades at an attractive valuation and high return metrics Buffett likes
- Whatever the mystery stock is, Buffett likely views it as undervalued with strong management and earnings potential