Winners and losers updated with closing prices.
NEW YORK (
was the winner among large financial names on Tuesday, with shares rising 6% to close at $21.51
On a day of
from a 5.9 magnitude earthquake in Virginia, and continued concern over a
, the broad indexes surged ahead, with the S&P 500 breaking the key technical threshold of 1150.
KBW Bank Index
was up 4% to close at 36.50, with all 24 index components up for the session, except for
Bank of America
, which continued to get hammered by investors worried over the company's lingering mortgage exposure. Shares of the nation's largest bank were down 2% to close at $6.30.
Fifth Third Bancorp
was up 5.5% to close at $9.76.
Large U.S. banking names seeing shares rise 5% Tuesday included
, which closed at $27.32;
, closing at $4.75;
, at $6.35;
PNC Financial Services
, at $45;
, at $18.10; and
, which closed at $23.94.
Large banks seeing shares rise 4% included
, closing at $42.80;
, at $34.78
; Regions Financial
, at $4.03; and
, which closed at $33.07.
Written by Philip van Doorn in Jupiter, Fla.
To contact the writer, click here:
To follow the writer on Twitter, go to
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 TheStreet.com 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.