BofA: Financial Winners and Losers

(Updated with fresh stock price moves.)

NEW YORK (TheStreet) -- Bank of America (BAC) was among the winners of the financial sector Monday after weekend reports the bank was bracing to repay bailout funds.

Bank of America rose even after The New York Post reported Saturday that investment bankers who have spoken to the bank said they are bracing for the bank to pay back some $20 billion borrowed under the Troubled Asset Relief Program, or TARP. "We remain ready, willing and able to pay back TARP and we're only awaiting word from the government on when we can do that," a BofA spokesman told the Post.

Meanwhile, the Wall Street Journal reported that Bank of New York Mellon (BK) CEO Robert Kelly rejected an offer to take the same job at BofA, illustrating the difficulty the bank has had in finding interested candidates from outside the company to replace outgoing CEO Ken Lewis.

After spending time on both sides of the flat line, BofA shares were lately up five cents to $14.63.

Most other bank stocks pulled back sharply from session highs following testimony from Jon Greenlee, associate director of the Federal Reserve's Division of Banking Supervision and Regulation. He told a House Oversight Committee that U.S. banks are at risk of new loan losses tied to property loans, and some banks may not have sufficient capital to fully cushion against losses.

JPMorgan Chase (JPM) was up 1.7% to $42.48, Wells Fargo (WFC) was down 0.1% to $27.51 and Morgan Stanley (MS) lost 0.3% to $32.04.

Citigroup(C), though, was among the biggest decliners, retreating by 2.9% to $3.97.