) -- On another weak day for the banking sector,

Regions Financial

(RF) - Get Report

emerged as the big winner, with shares rising over 3% to close at $6.41.

Regions reported second-quarter net income available to common shareholders of $55 million

, or four cents a share, beating analysts' consensus estimate of a one-cent loss.

The broad indexes declined,

despite a strong showing for technology names

, with the negotiations in Washington over the federal debt ceiling continuing to dominate the headlines.


KBW Bank Index


was down slightly to 47.41, with 18 of the 24 index components declining for the session.

Shares of


(BBT) - Get Report

rose 1% to close at $26.32 after

Rochdale Securities analyst Richard Bove upgraded the shares

to a "Buy" rating.

Other large banks seeing shares rising included

Goldman Sachs

(GS) - Get Report

, which closed at $137.60;

Morgan Stanley

(MS) - Get Report

, closing at $23.52; and

Huntington Bancshares

(HBAN) - Get Report

, which closed at $6.06.

Tuesday's loser among the large bank stocks was

Zions Bancorporation

(ZION) - Get Report

, which was down 2% to close at $22.93.


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Written by Philip van Doorn in Jupiter, Fla.

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Philip van Doorn


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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 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.