Bank of America, JPMorgan, Alcoa: Dow Movers

NEW YORK ( TheStreet) -- U.S. stocks finished Tuesday on a positive note as February retail sales rose broadly and 15 of the 19 banks involved in the stress tests were estimated to have capital ratios higher than the minimum. Results of the stress tests were released at 4:30 p.m. ET

The Dow Jones Industrial Average gained 217.97 points, or 1.68%, to 13,177.68. The S&P 500 rose 24.87 points to 1,395.96 and the Nasdaq Composite increased 56.22 points to 3,039.88.

All 30 Dow components posted gains on Tuesday.

The biggest gainers in the index were Alcoa ( AA), JPMorgan Chase ( JPM) and Bank of America ( BAC).

JPMorgan shares rose 7.27% to $43.49. The bank received approval from the Federal Reserve on Tuesday for its 2012 capital deployment plans.

In other news Tuesday, the bank is paying $45 million to settle a lawsuit that alleged the bank charged hidden fees for mortgage refinancing to veterans, according to Reuters.

TheStreet Ratings gives JPMorgan a B+ grade with a buy rating and a $46.71 price target.

Shares of Bank of America rose 6.26% to $8.49. The Wall Street Journal reported that this bank also passed the stress test.

Bank of America gets a C- grade and hold rating from TheStreet Ratings.

Alcoa shares rose 4.46% to $10.31. TheStreet Ratings gives Alcoa a C grade and a hold rating.

Shares of Microsoft ( MSFT) and IBM ( IBM) hit 52-week highs on Tuesday.

IBM's 52-week high is $203.90. The stock's 52-week low of $151.71 was set on March 16.

TheStreet Ratings gives IBM an A+ grade with a buy rating and $262.25 price target.

Microsoft's 52-week high reached on Tuesday is $32.69. The stock's 52-week low of $23.65 was set on June 16.

Microsoft gets an A grade from TheStreet Ratings with a buy rating and $36.97 price target.

-- Written by Alexandra Zendrian

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