(Goldman Sachs and other stock prices brought current in this update.)
NEW YORK (
and other U.S. bank stocks were among the winners of the financial sector Friday after the Senate passed its version of the financial reform bill.
and other bank stocks were trading modestly higher after the Senate passed the
Thursday evening by a vote of 59-39. The sweeping reform bill will now go to a conference committee for reconciliation with the House of Representatives' measure, which was approved in December.
Paul Miller, bank analyst with FBR Capital Markets, expected banks and broker/dealers to react positively on the news as some of the "most onerous" amendments were not included in the bill, including a tougher ban on prop trading, dubbed the Volcker Rule.
Must Read Will Blanche Lincoln Kill Bank Stocks?
"However this is not the end to headline risk, as there will be much speculation in the coming week as to what the final bill will contain," Miller wrote in an email.
Separately, Goldman Sachs CEO Lloyd Blankfein said in an interview to India's
that he regrets that Goldman "participated in transactions that brought too much leverage into the world. It led to people taking too much leverage. But those were the standards of the moment."
Lately, Goldman Sachs shares were up 3.3% to $140.59, although the stock is still down 1.9% for the week and more than 11% over the last month.
was up 4.4% to $39.51,
added 4.3% to $26.74,
advanced 2.8% to $29.50,
Bank of America
rose 2.5% to $15.68, and
climbed 2.5% to $3.72.
, which owns Standard & Poor's, were up 2.1% and 0.2%, respectively.
In other bank-related news, the Federal Deposit Insurance Corp. said the number of insured commercial banks and savings institutions on its "Problem List" increased to 775 in the first quarter from 702 at the end of 2009 and 252 at the end of 2008.
The FDIC said total assets of "problem" institutions increased from $403 billion to $431 billion.
Meanwhile, most regional bank stocks were rising.
Fifth Third Bancorp
was up 1.5%,
gained 1%, and
American International Group
was up 1.7%,
gained 0.6%, and
tacked on 0.1%.
-- Written by Robert Holmes in Boston
Follow Robert Holmes on
and become a fan of TheStreet.com on