NEW YORK (
were the losers among the largest U.S. banks Monday, with shares of each company sliding 3%.
Fifth Third's shares closed at $12.39 and State Street closed at $45.65.
The broad indexes declined amid a strong
rally for the dollar
, as investors speculated about the eventual solution to the
European debit crisis
KBW Bank Index
declined 1.5% to 48.97, with all 24 index components down for the session, save
New York Community Bancorp
, which was up a penny, to close at $16.30, and has a dividend yield of 6.13%, based on a 25-cent quarterly payout.
Large bank stocks declining 2% Monday included
, which closed at $26.10;
, closing at $40.16;
, at $57.72;
, at $35.80;
, at $54.09;
, at $6.83; and
, which closed at $27.53.
Bloomberg reported that JPMorgan Chase and Deutsche Bank were subject to New York Attorney General Eric Schneiderman's
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.