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NEW YORK (
TheStreet) -- Bank stocks were relatively resilient on Thursday, despite worries about the exposure of U.S. banks to Greece and other distressed sovereign debt.
Economic data was mixed on Thursday with better-than-expected jobless claims and housing starts data offset by a weaker- than- expected manufacturing report. Performance was mixed among the large-cap banks with shares of
Bank of America and
Wells Fargo(WFC - Get Report) climbing by about 0.9% each.
Citigroup(C - Get Report) fell 1.1% to $37.59 after it said a
data breach in May affected 360,609 credit card accounts,
more than the 200,000 originally reported by the media. Shares of
JPMorgan Chase(JPM - Get Report) slipped 0.8% to $40.36.
Capital One Financial(COF - Get Report) saw its stock rise 2.4% to $49 on reports that it had won a bid for
ING Groep's(ING) U.S. online banking unit,
ING Direct for $9 billion. The bank will pay for the deal with $6.2 billion in cash and $2.8 billion stock, according to the report.
M&T Bank(MTB) and
PNC Financial(PNC) were other prominent gainers among large-cap banks, up about 1% each.
Among the regionals,
First Midwest Bancorp(FMBI) and
Susquehanna Bancshares(SUSQ) and First
Commonwealth Financial(FCF) made smart gains of between 3% to 4%.
A prominent loser was
F.N.B.(FNB - Get Report) which shed 4.5% to $ 9.85after it said it will acquire Pennsylvania bank
Parkvale Financial in an all- stock transaction valued at approximately $22.48 per share, or $130 million.
--Written by Shanthi Bharatwaj in New York
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