Shares of First Interstate Bancorp., SunTrust Banks Inc., and the Federal National Mortgage Association rose Tuesday on reports that legendary investor Warren Buffett had equity stakes in the companies.

First Interstate confirmed that Mr. Buffett's Berkshire Hathaway Inc. owned 955,000 shares, or more than 1% of all shares outstanding.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.