Capital One shares rebound after Warren Buffett makes near $1 billion bet on bank

Shares of Capital One Financial Corp increased by 2.1% after billionaire investor Warren Buffett’s Berkshire Hathaway acquired 9.92 million shares in the bank, worth $954m, according to the latest regulatory filings. Capital One’s stock rose to $90.95 per share, its highest since 1 May. Despite losing around 17% since early March, the bank’s stock is predicted to rebound, as Morgan Stanley and Bank of America analysts have said US regional bank stock selloffs have been overdone, and Western Alliance Banks will be able to absorb deposit outflows effectively.