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) --



was the winner among major U.S. financial names on Tuesday, with shares rising 2% to close at $95.63.

Warren Buffett's

Berkshire Hathaway


on Monday after the market close in a 13-F filing with the

Securities and Exchange Commission

that the company had purchased 2.3 million Visa shares during the first quarter. Berkshire also held 405,000



, as of Sept. 30.

Shares of MasterCard rose over 1% to close at $371.32.

The broad U.S. stock indexes rose on Monday, with some positive economic reports. The Commerce Department said that retail sales in October increased 0.5%, beating the 0.4% increase economists had forecast but slowing from September's 1.1% gain.

The Labor Department's producer price index fell 0.3% in October. Economists surveyed by Thomson Reuters had expected a 0.1% decline, following a rise of 0.8% in September.


KBW Bank Index


was up slightly to close at 38.73, with 19 of the 24 index components showing gains.

Shares of

Zions Bancorporation


rose 2% to close at $16.72, after CFO Doyle Arnold said at a conference that the company was being very careful in deploying excess cash, in the face of weak loan demand, according to an

SNL Financial

report. "You've got to go out so long today to pick up any appreciable yield and then run the risk of being caught when rates go up, as at some point they seemingly must," he said, adding that the Salt Lake City lender was "very reluctant to play that game."

Large U.S. banks seeing shares rise over 1% on Tuesday included

Bank of America


, which closed at $6.13;



, closing at $23.39;

First Niagara Financial Group


, at $8.91;



, at $7.30;

M&T Bank


, at $72.76;

New York Community Bancorp

( NYB), at $12.12; and

People's United Financial


, closing at $12.67.

Tuesday's financial loser was

American International Group


, with shares sliding 2% to close at $23.12.


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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.