NEW YORK (
was the big winner among large banks Thursday, with shares rising 2% to close at $38.34.
On a mixed day for stocks with continued buzz over rising oil and gas prices and Moammar Gadhafi continuing to stay in power in Libya, the
KBW Bank Index
( BKX) was down 1%, to close at 52.82.
Losers among the 24 components of the index that were all down 2% on the day included
, which closed at $29.94,
M&T Bank Corp.
, which closed at $87.64,
New York Community Bancorp
( NYB), which closed at $18.29 and
, closing at $9.04.
SNL Financial reported that SunTrust released its 2010 executive compensation figures for top executives, including CEO James Wells, who brought home total comp - including salary and stock awards - of $10.3 million, increasing from $7.7 million in 2009.
Bank of America
was down 1%, closing at $13.97. SNL reported late Wednesday that holders of $1.1 billion certificates issued by Countrywide Home Loans Inc.'s Alternative Loan Trust 2006-OA10 filed a mortgage put-back suit against Bank of America, which acquired Countrywide in July 2008.
The investors said they filed suit against BAC and trustee
Bank of New York Mellon
as a "nominal defendant," because Bank of New York failed to act after the investors informed the trustee that a high percentage of the mortgages owned by the trust contained defects, including understated loan-to-value ratios and misstatements about owner occupancy.
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.