Financial Winners and Losers: BofA

(Updated with final closing prices)

Financial stocks ended Tuesday's session mixed, with Bank of America (BAC Quote) among the winners after the bank announced the pricing of its common stock offering.

In a statement Monday, BofA announced the common stock average price of $12.7048, part of the bank's process to exchange outstanding depository shares of preferred stock for up to 200 million common shares.

The debt conversion is part of the bank's broader plan to strengthen its capital base after the government said last month it needed an extra $33.9 billion cash cushion. The bank said the exchange offer would boost its capital position. BofA shares rose 2.4% to $12.23. ...