NEW YORK ( TheStreet) -- Bank of America ( BAC - Get Report) was the winner Monday among the largest financial names, with shares rising 8% to close at $7.76.

The nation's largest bank announced that it was exiting its international credit card operations, with a deal to sell its $8.5 billion Canadian credit card portfolio to TD Bank Group ( TD - Get Report).

The broad indexes all showed 2% gains, as a $12.5 billion deal by Google ( GOOG - Get Report) to acquire Motorola Mobility ( MMI) -- for $40 a share, for a whopping 60% premium over Friday's market close - dominated the headlines. TheStreet's Scott Moritz discussed how the acquisition would boost Google with Motorola's thousands of technology patents and put the company in position to compete toe-to-toe in the smartphone and tablet space with Apple ( AAPL - Get Report). Meanwhile, Jim Cramer interpreted the deal as a sign of weakness for Google.

Moving back to the financials, the KBW Bank Index ( I:BKX) rose over 4% to close at 39.30, with all 24 index up for the session.

Large regional banks seeing shares rise 6% included Fifth Third Bancorp ( FITB - Get Report), which closed at $10.15; KeyCorp ( KEY - Get Report), closing at $6.81; Regions Financial ( RF - Get Report), at $4.55; and SunTrust ( STI - Get Report), at $19.39.

Large U.S. players seeing 5% gains included Citigroup ( C - Get Report), closing at $31.27; First Niagara ( FNFG), at $10.84; New York Community Bancorp ( NYB), at $13.04, and Zions Bancorporation ( ZION - Get Report), closing at $17.36.

Bank of New York Mellon ( BK - Get Report) was up 4.5% to close at $20.89.

Large banking names seeing 4% share price increases included Capital One ( COF - Get Report), closing at $45.40 after being upgraded by Sandler O'Neill; Huntington Bancshares ( HBAN - Get Report), closing at $5.17; U.S. Bancorp ( USB - Get Report), at $22.73; and Wells Fargo ( WFC - Get Report), which closed at $25.02, after signing a deal with Citadel Securities LLC, under which Wells Fargo Securities hired a team of 25 investment managers from Citadel.


-- 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.