{"id":1931806,"date":"2023-05-16T11:26:45","date_gmt":"2023-05-16T15:26:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/capital-one-shares-up-after-billionaire-investor-buffetts-near-1-billion-bet-on-bank\/"},"modified":"2023-05-16T11:31:14","modified_gmt":"2023-05-16T15:31:14","slug":"capital-one-shares-up-after-billionaire-investor-buffetts-near-1-billion-bet-on-bank","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/capital-one-shares-up-after-billionaire-investor-buffetts-near-1-billion-bet-on-bank\/","title":{"rendered":"Buffett&#8217;s $1 billion investment boosts Capital One&#8217;s shares."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcapital-one-shares-up-after-billionaire-investor-buffetts-near-1-billion-bet-on-bank%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1931806&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Warren Buffett&#8217;s Berkshire Hathaway Takes Stake in Capital One Financial Corp<\/h2>\n<p>Shares of Capital One Financial Corp rose in premarket trading on Tuesday after billionaire investor Warren Buffett\u2019s holding company disclosed it had taken a stake in the credit cards-focused bank. The bank\u2019s stock, which was trading up 7% at $95.37, would open at its highest in more than two weeks, if gains hold.<\/p>\n<h3>Berkshire Hathaway&#8217;s Quarterly Disclosure<\/h3>\n<p>In its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/michigan-dem-spends-campaign-funds-at-strip-club\/\" title=\"Michigan Dem Spends Campaign Funds at Strip Club\">quarterly disclosure<\/a> after the bell on Monday, Berkshire Hathaway said it had a 9.92 million share stake in the company. The stake would be worth $954 million, based on the closing price on March 31.<\/p>\n<h3>Capital One&#8217;s Business<\/h3>\n<p>As of Monday, Capital One shares had lost around 8% so far this month, as financial stocks felt the effects of First Republic Bank\u2019s collapse. Besides credit cards, the McLean, Virginia-based Capital One also has a huge auto lending and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-virgin-islands-subpoenas-elon-musk-for-docs-in-its-lawsuit-against-jpmorgan-chase-in-epstein-case-report\/\" title=\"US Virgin Islands subpoenas Elon Musk for documents in JPMorgan Chase lawsuit over Epstein case.\">commercial banking business<\/a>.<\/p>\n<h3>Other Banks&#8217; Performance<\/h3>\n<p>Western Alliance Bancorp, Comerica Inc and KeyCorp rose between 1% and 3% as investors\u2019 focus shifted away from the troubles of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/warren-buffett-talks-with-biden-officials-about-possible-bank-investment-report\/\" title=\"Warren Buffett Talks With Biden Officials About Possible Bank Investment: Report\">regional banking sector<\/a> towards the U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senator-toomey-democrats-dont-need-a-single-republican-vote-to-pass-their-3-5-trillion-bill\/\" title=\"Senator Toomey: Democrats \u2018Don\u2019t Need A Single Republican Vote\u2019 To Pass Their .5 Trillion Bill\">debt ceiling debate<\/a>. But PacWest Bancorp\u2019s rally came to a screeching halt. Shares were down nearly 2% premarket after surging about 18% on Monday.<\/p>\n<ul>\n<li>Microsoft Corp won EU antitrust approval for its $69 billion acquisition of Activision on Monday<\/li>\n<li>Twitter said it had filed objections to Turkish court orders requesting a ban on access to some accounts and tweets<\/li>\n<li>China\u2019s Tencent Music Entertainment Group topped quarterly revenue estimates on Tuesday as the Spotify-like <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/capital-one-shares-up-after-billionaire-investor-buffetts-near-1-billion-bet-on-bank\/\" title=\"Buffett's  billion investment boosts Capital One's shares.\">music streaming platform benefited<\/a> from growth in<\/li>\n<\/ul>\n<p><strong>The World Health Organization called for caution on Tuesday in using artificial intelligence for public healthcare, saying data used by\u2026<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital One Financial Corp&#8217;s shares surged in premarket trading after Warren Buffett&#8217;s holding company revealed its stake in the credit card-focused bank. The stock rose 7% to $95.37, its highest in over two weeks.<\/p>\n","protected":false},"author":66,"featured_media":1931807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[6251,26892,9554,9177,20224,4790],"class_list":["post-1931806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-boosts","tag-buffetts","tag-capital","tag-investment","tag-ones","tag-shares"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1931806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1931806"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1931806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1931807"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1931806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1931806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1931806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}