Wells Fargo, Charles Schwab: Financial Winners & Losers

NEW YORK (TheStreet) -- Bank stocks were in the black for the most part on Thursday, boosted by better than expected economic data. The Financial Select SPDR XLF was rising modestly mid-morning, up 0.9% to $13.67. The big four money center banks were all chugging higher led by Wells Fargo WFC, up 1.7% to $24.01. Large and midsize regional bank stocks seemed to be getting a boost during morning trading. According to the U.S. Labor Department, initial claims for unemployment insurance for the week ending Aug. 21 fell 31,000 from the prior week. The Labor Department said the four-week moving average of jobless claims was 486,750, slightly higher than the same figure a week earlier. Shares of KeyCorp KEY shares were rising 2.6% to $7.46, Marshall & Ilsley MI shares jumped 3.4% to $6.48, Fifth Third Bancorp FITB shares were up 3.5% to $11.36 and shares of Regions Financial RF were rising 2.1% to $6.62. To read the rest, head over to TheStreet.com