) --

Bank of America

(BAC) - Get Report

was the winner Monday among the largest financial names, with shares rising 8% to close at $7.76.

The nation's largest bank announced that it was exiting its international credit card operations, with a deal to

sell its $8.5 billion Canadian credit card portfolio


TD Bank Group

(TD) - Get Report


The broad indexes all showed 2% gains, as a

$12.5 billion deal



(GOOG) - Get Report

to acquire

Motorola Mobility

(MMI) - Get Report

-- for $40 a share, for a whopping 60% premium over Friday's market close - dominated the headlines.


Scott Moritz discussed how the acquisition would boost Google with

Motorola's thousands of technology patents

and put the company in position to compete toe-to-toe in the smartphone and tablet space with


(AAPL) - Get Report

. Meanwhile, Jim Cramer interpreted the deal as

a sign of weakness for Google


Moving back to the financials, the

KBW Bank Index


rose over 4% to close at 39.30, with all 24 index up for the session.

Large regional banks seeing shares rise 6% included

Fifth Third Bancorp

(FITB) - Get Report

, which closed at $10.15;


(KEY) - Get Report

, closing at $6.81;

Regions Financial

(RF) - Get Report

, at $4.55; and


(STI) - Get Report

, at $19.39.

Large U.S. players seeing 5% gains included


(C) - Get Report

, closing at $31.27;

First Niagara


, at $10.84;

New York Community Bancorp

( NYB), at $13.04, and

Zions Bancorporation

(ZION) - Get Report

, closing at $17.36.

Bank of New York Mellon

(BK) - Get Report

was up 4.5% to close at $20.89.

Large banking names seeing 4% share price increases included

Capital One

(COF) - Get Report

, closing at $45.40 after being

upgraded by Sandler O'Neill


Huntington Bancshares

(HBAN) - Get Report

, closing at $5.17;

U.S. Bancorp

(USB) - Get Report

, at $22.73; and

Wells Fargo

(WFC) - Get Report

, which closed at $25.02, after signing a deal with Citadel Securities LLC, under which Wells Fargo Securities hired a team of 25 investment managers from Citadel.


Capital One, Discover Get 'Buy' Calls >

Bank of America's Card Sale Necessary >

Bank of America Downgradepalooza Continues >

Bank of America Card Deal Won't Stop Bears Growling >

Bank of America, 10 Large-Cap Banks See Estimate Cuts >

Bank of America Gets U.K. Hedge Fund Stake >


Written by Philip van Doorn in Jupiter, Fla.

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Philip van Doorn


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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.