Updated with comments from Credit Suisse, estimating that Bank of America won't achieve full compliance with Basel III capital requirements until late in 2014.NEW YORK ( TheStreet) -- The first quarter was a remarkable ride for the stock market and for banks in particular. But the big question is whether the banking sector can keep up the torrid pace. The S&P 500 Index ( SPX.X) rose 12% during the first quarter, while the Nasdaq Composite
Shares of SunTrust of Atlanta closed at $24.17 Friday, returning 37% year-to-date, following a 40% decline during 2011.
Shares of Citigroup closed at $36.55 Friday, returning 39% year-to-date, following last year-s 44% decline.
Shares of JPMorgan Chase closed at $45.98 Friday, returning 39% year-to-date, following a 20% decline during 2011.
Shares of Regions Financial ( RF) of Birmingham, Ala., closed at $6.59 Friday, returning 54% year-to-date, after a 38% decline last year.
Shares of Bank of America closed at $9.57 Friday, returning 72% year-to-date, following a 58% plunge during 2011.