NEW YORK (

TheStreet

) --

General Motor

's

(GM) - Get Report

initial public offering and positive economic data carried financial stocks upward Thursday.

The Financial Select Sector SPDR

(XLF) - Get Report

closed up 20 cents at $14.86.

Goldman Sachs

(GS) - Get Report

was the big winner of the day. Goldman ended the day up $2.46 at $167.35. The firm announced 110 new partners and 321 managing directors as part of its annual promotion.

Citigroup

(C) - Get Report

shares closed up 11 cents at $4.30

even though the bank may have to refile tens of thousands of foreclosure documents due to "robo-signing."

American International Group

(AIG) - Get Report

closed up 78 cents at $42.56. The insurer

extended

its offer to exchange 74.5 million equity units until Tuesday evening as it prepares for a massive conversion of the U.S. Treasury Department's preferred stake.

There were some losers Thursday.

Regions Financial

(RF) - Get Report

shares closed down 23 cents at $5.31 after Fitch Ratings lowered Regions ratings to BBB-.

Fifth Third Bancorp

(FITB) - Get Report

was also a big loser Thursday, ending the day down 31 cents at $12.08.

--Written by Maria Woehr in New York.

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Maria Woehr

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