Discover: Financial Winners & Losers
NEW YORK (
) -- Financial stocks dipped on Monday.
The
Financial Select Sector SPDR
(XLF) - Get Report
fell 0.4% at midday to $15.12.
Few financial stocks stayed in the black during a moderate sell off.
Despite the light trading day,
Discover Financial
(DFS) - Get Report
shares came close to its 52-week-high share price of $19.16. The stock, rising as high as $19.10, was more recently up 0.7% to $18.98 on volume of about 1.2 million shares.
Discover's rivals, MasterCard and Visa, also saw their shares rising on Monday. MasterCard's stock was up 1% to $251.50, while Visa shares were rising 0.2% to $77.50.
Shares of online broker
TD Ameritrade
(AMTD) - Get Report
were rising 0.3% to $18.14.
The sector's most prominent firms including
American Express
(AXP) - Get Report
,
Goldman Sachs
(GS) - Get Report
,
Bank of America
(BAC) - Get Report
and
JPMorgan Chase
(JPM) - Get Report
all saw their shares fall on Monday.
Regional bank shares were also primarily in the red on Monday.
Fifth Third Bancorp's
(FITB) - Get Report
stock was down 1.4% to $13.09, while
M&T Bank
(MTB) - Get Report
shares were also down 1.5% to $79.52.
Marshall & Ilsley
( MI) shares fell 0.5% to $5.57.
Evercore Partners analyst Andrew Marquardt writes in a research note Monday that despite the Milwaukee-based bank's "
" of late, he doesn't think M&I will follow in the footsteps of
Wilmington Trust
( WL), which agreed to sell itself to
M&T Bank
(MTB) - Get Report
last month.
-- Written by Laurie Kulikowski in New York.
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Laurie Kulikowski
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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.