People's United: Financial Winner

NEW YORK ( TheStreet) -- People's United Financial ( PBCT) was the winner among large U.S. bank stocks Tuesday, with shares rising over 2% to close at $13.16.

The Bridgeport, Conn., lender is set to complete its acquisition of Danvers Bancorp ( DNBK) of Danvers, Mass., on Thursday for roughly $458 million in cash and stock.

While the broad indexes rose for the second straight day, with growing confidence in a second European bailout of Greece, bank stocks were mixed.

The KBW Bank Index ( I:BKX) inched ahead slightly to 47.06, with 14 of the 24 index components rising for the session.

Large U.S. banks seeing shares rise over 1% Tuesday included Capital One Financial ( COF), which closed at $51.42; Fifth Third Bancorp ( FITB), closing at $12.41; Huntington Bancshares ( HBAN), at $6.39; U.S. Bancorp ( USB), at $24.87; and Zions Bancorporation ( ZION), which closed at $23.09.

Tuesday's loser among the largest domestic banks was Goldman Sachs, with shares slipping over 1% to close at $129.26.


-- 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 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.