NEW YORK (
was the winner among large U.S. banks Tuesday, with shares climbing 1% to close at $40.49.
The broad indexes dipped, with a
raised its pricing forecasts, and financials showing weakness heading into the expected pricing of a large
American International Group
KBW Bank Index
declined slightly to 48.92, with the 24 index components evenly split between gainers and decliners.
Several of the largest mortgage servicers, including Citigroup,
Bank of America
were set to meet with state attorneys general and federal regulators Tuesday in order to work on settling claims related to the mortgage foreclosure mess. Reuters said on Monday that the government negotiators were looking for a $20 billion industry settlement, while the servicers had previously offered to settle for $5 billion, according to a May 11 report in the Wall Street Journal.
Fifth Third Bancorp
, also saw its shares rise 1% Tuesday, to close at $12.48.
Tuesday's loser among the large banks was
, with shares sliding 2% to close out the session at $53.03.
Written by Philip van Doorn in Jupiter, Fla.
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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 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.