NEW YORK ( TheStreet) -- Financial stocks dipped on Monday.

The Financial Select Sector SPDR ( XLF) fell 0.4% at midday to $15.12.

Few financial stocks stayed in the black during a moderate sell off.

Despite the light trading day, Discover Financial ( DFS - Get Report) shares came close to its 52-week-high share price of $19.16. The stock, rising as high as $19.10, was more recently up 0.7% to $18.98 on volume of about 1.2 million shares.

Discover's rivals, MasterCard and Visa, also saw their shares rising on Monday. MasterCard's stock was up 1% to $251.50, while Visa shares were rising 0.2% to $77.50.

Shares of online broker TD Ameritrade ( AMTD - Get Report) were rising 0.3% to $18.14.

The sector's most prominent firms including American Express ( AXP - Get Report), Goldman Sachs ( GS - Get Report), Bank of America ( BAC - Get Report) and JPMorgan Chase ( JPM - Get Report) all saw their shares fall on Monday.

Regional bank shares were also primarily in the red on Monday.

Fifth Third Bancorp's ( FITB - Get Report) stock was down 1.4% to $13.09, while M&T Bank ( MTB - Get Report) shares were also down 1.5% to $79.52.

Marshall & Ilsley ( MI) shares fell 0.5% to $5.57.

Evercore Partners analyst Andrew Marquardt writes in a research note Monday that despite the Milwaukee-based bank's " significant underperformance" of late, he doesn't think M&I will follow in the footsteps of Wilmington Trust ( WL), which agreed to sell itself to M&T Bank ( MTB - Get Report) last month.

-- Written by Laurie Kulikowski in New York.

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