NEW YORK (
was the winner among large U.S. banks Tuesday, with shares rising 2% to close at $58.24.
The broad indexes rose amid talk of a new bailout deal for Greece, while
, with a weak dollar trade and the further benefit of a pipeline shutdown by also lending support to oil was news that a U.S. oil pipeline delivering crude oil from Alberta, Canada to oil trading hub, Cushing, Okla. has been shut down by
, because of a leak.
, with summer demand expected to be strong.
KBW Bank Index
rose 1% to close at 50.10, with all 24 index components up on the day, except for
PNC Financial Services
, which was off slightly to close at $62.42.
Large bank stocks seeing shares rise over 1% included
Bank of New York Mellon
, which closed at $28.11;
, closing at $42.78;
Fifth Third Bancorp
, at $13.06;
, at $6.60;
, at $43.24,
, at $13.35;
, at $7.06; and
, which closed at $45.77.
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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.