NEW YORK (
) -- On another weak day for the banking sector,
emerged as the big winner, with shares rising over 3% to close at $6.41.
, or four cents a share, beating analysts' consensus estimate of a one-cent loss.
The broad indexes declined,
, 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.
rose 1% to close at $26.32 after
to a "Buy" rating.
Other large banks seeing shares rising included
, which closed at $137.60;
, closing at $23.52; and
, which closed at $6.06.
Tuesday's loser among the large bank stocks was
, which was down 2% to close at $22.93.
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.