Financial Winners and Losers: UBS

(Updated with closing prices throughout)

Financial stocks ended mixed Monday, as UBS (UBS Quote) reportedly neared a settlement for a tax-related dispute with the U.S. government.

UBS may be forking over between 3 billion to 5 billion francs ($2.77 billion to $4.62 billion) to settle the tax dispute in the next two weeks, according to published reports by Swiss outlets Sonntag and NZZ am Sonntag.

The federal government is suing UBS for the names of some 52,000 U.S. citizens who are alleged to have hidden nearly $15 billion in assets from the Internal Revenue Service. UBS shares, which opened in negative territory, were climbed 6 cents, or 0.5%, to finish at $12.36.

JPMorgan Chase (JPM Quote) shares retraced early losses and closed 0.4% higher at $34.60 after Rochdale Securities analyst Richard Bove said in a research note that the bank is likely to record a loss in the second quarter. Bove said the bank's traditional banking business has "been hampered by the weak demand for quality loans and the high level of loan losses in the consumer sector."

Bove said he expects JPMorgan will lose 10 cents a share in the second quarter, due to the redemption of the Troubled Asset Relief Program, or TARP, preferred shares, which is expected to cost the company 39 cents share, as well as the payment of a Federal Deposit Insurance Corp. assessment which he estimates will cost 13 cents a share.

Bove also cut his 2009 estimate for JPMorgan to $1.23 a share from $1.61, although he raised his 2010 estimate to $2.78 a share from $2.66 and his 2011 estimate to $4.05 a share from $3.94.