Regions, Bank of America: Winners & Losers

NEW YORK ( TheStreet) -- Winners among bank stocks on Tuesday included Regions Financial ( RF), which was up 2.5% to close at $7.22 and Bank of America ( BAC), which was up 2% to close at $14.69.

Overall, it was a relatively quiet trading session for bank stocks, with the KBW Bank Index up 1% to 53.05, with the worst performer among the index components being Huntington Bancshares ( HBAN), which saw its stock pull back 1% to close at $7.12.

Regions was up following a report by Bloomberg listing the Birmingham, Ala. lender among targets of Canadian banks, with SunTrust ( STI), Zions Bancorporation ( ZION) also listed among possible targets. Bloomberg - citing CreditSights analyst Pri de Silva - said that Royal Bank of Canada ( RY) or Toronto-Dominion Bank ( TD) might be interested in SunTrust and that Zions would be a nice strategic fit for Bank of Montreal ( BMO).

For Bank of America, there was another round of WikiLeaks rumors, and a BernsteinResearch report saying that mortgage buybacks could cost the U.S. banking industry $51 billion, with Bank of America's tab possibly coming to $17 billion, followed by a possible $6 billion in mortgage buyback losses for JPMorgan Chase ( JPM) and $5 billion for Wells Fargo ( WFC).

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-- 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.

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