JPMorgan: Financial Winners & Losers

JPMorgan Chase shares rose after a regulator said she is against a plan that would force banks to spin off derivatives trading units.
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NEW YORK (

TheStreet

) --

JPMorgan Chase

(JPM) - Get Report

was among several bank stock trading higher Monday after a regulator said she is against a plan that would force banks to spin off derivatives trading units.

JPMorgan Chase

and others climbed after

The Wall Street Journal

reported that Federal Deposit Insurance Corp. Chairman Sheila Bair warned in a letter to Senate lawmakers that any such curbs would have the unintended consequence of impairing financial stability and would "be highly disruptive and costly" for banks and their customers.

JPMorgan shares were up 1.9% to $43.39. Among other bank stocks trading higher,

Bank of America

(BAC) - Get Report

was up 0.5% to $17.91,

Citigroup

(C) - Get Report

rose 0.9% to $4.41, and

Goldman Sachs

(GS) - Get Report

climbed 1.9% to $147.93.

On the downside,

Morgan Stanley

(MS) - Get Report

fell 0.9% to $29.95.

Goldman Sachs

was in the news again after billionaire investor

Warren Buffett

Saturday said he likes

Berkshire Hathaway's

(BRK.A) - Get Report

$5 billion preferred stock stake in Goldman, praising the embattled investment bank during Berkshire's annual meeting.

Goldman Sachs is fighting civil fraud charges from the

Securities and Exchange Commission

, filed on April 16. On Friday, reports surfaced that the Justice Department was looking into criminal charges against the firm.

Meanwhile, Keefe Bruyette & Woods analysts cut their rating on Goldman Sachs to market perform from outperform and reduced their price target to $165 from $195.

"As long as the SEC's civil lawsuit lingers, a DOJ criminal probe is underway, and

Goldman remains the lightening rod for populist and congressional anger against Wall Street, it will be difficult for

its stock to come close to recognizing its inherent value, in our view," KBW analysts wrote.

-- Written by Robert Holmes in Boston

.

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