Buffett's Possible Takeover of Ally Financial Boosts Stock

Ally Financial's shares rose 8.4% amid vague takeover speculation that Warren Buffett's Berkshire Hathaway could be a potential buyer. Bloomberg reported that Buffett has been in contact with senior officials in the Biden administration regarding the regional banking crisis, potentially investing in the U.S. regional banking sector. If Buffett were to do a deal in the banking sector, he would likely stick to a name that he already owns, such as Ally Financial, in which Berkshire Hathaway owned a 9.9% stake as of December.