Berkshire Hathaway (BRK.B) stands out among top financial stocks currently available for purchase due to its stellar reputation.

Berkshire Hathaway: A Look at its Current Status

In a planned succession, Greg Abel has been appointed as the CEO of Berkshire Hathaway, with expectations to gradually take over leadership from Warren Buffett in the coming years, as Buffett steps down. Notably, Abel is set to officially succeed Buffett as CEO in 2026.

Berkshire Hathaway, a standout performer in the financial sector, has been identified as one of the best stocks to buy in 2021. This year, the company's stock has shown a growth of 10.1%. However, it has slightly underperformed the S&P 500 index's total return level of 10.6% over the same period.

As for the current stock price, Berkshire Hathaway is trading at $503.02. The company's market capitalization stands at a staggering $1.1 trillion, reflecting its immense value.

The company's stock volume for the day is 285,975, with an average volume of 4,785,661. Berkshire Hathaway's day's range is between $500.75 and $506.70, indicating a slight fluctuation in its share price.

Looking back, Berkshire Hathaway was purchased by Warren Buffett in May 1965. Over the years, the company has grown significantly, with a current gross margin of 24.15%. Its 52-week range is between $437.90 and $542.07.

Warren Buffett is set to retire as CEO at the end of 2021, but he will continue to serve as the chairman of Berkshire Hathaway's board of directors. Portfolio managers Ted Weschler and Todd Combs will remain with the company after Buffett's retirement, continuing as stock pickers for Berkshire Hathaway.

Greg Abel, who is currently the CEO of Berkshire Hathaway Energy, is also the vice chairman of non-insurance operations at Berkshire Hathaway. He will take over the reins from Buffett in 2026.

It's worth noting that Berkshire Hathaway holds a massive cash pile of approximately $344 billion. This substantial reserve is a testament to the company's financial strength.

Meanwhile, the Nasdaq Composite has posted a total return of 12.4% over the same period, providing a comparison for Berkshire Hathaway's performance.

In conclusion, Berkshire Hathaway, under the leadership of Warren Buffett and soon to be Greg Abel, continues to be a significant player in the financial sector, with a robust portfolio and a strong financial position.

Berkshire Hathaway (BRK.B) stands out among top financial stocks currently available for purchase due to its stellar reputation.