Capital One Financial Corp.’s COF shares were jumping 6% after filings showed Warren Buffett’s Berkshire Hathaway Inc. BRK.B had taken a near $1 billion bet on the credit card and banking group, buying a 2.6% stake in the first quarter.Capital One Financial Corp.’s COF shares were jumping 6% after filings showed Warren Buffett’s Berkshire Hathaway Inc. BRK.B had taken a near $1 billion bet on the credit card and banking group, buying a 2.6% stake in the first quarter.
Shares of Western Alliance Bancorp. WAL rose nearly 3% as regional banks continued to find support from news that he Federal Deposit Insurance Corp. plans to replenish its coffers with an assessment that falls mainly on the very largest banks.Home Depot HD got the week’s retail results off to a bad start, its shares falling nearly 5% after providing poorly-received earnings and cutting its 2023 sales outlook. Shares in Lowe’s LOW dropped 3% in sympathy.
Horizon Therapeutic HZNP shares slumped 17% following reports the FTC is expected to file a lawsuit to block Amgen Inc.’s AMGN $27.8 billion acquisition of the group that develops treatments for rare autoimmune and inflammatory illnesses.
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