Bank stocks bounced around again Thursday as investors digested a mixed bag of first-quarter results.

The KBW Bank Index seesawed but closed up 3.71% on a day that banking companies like PNC Financial Services Group Inc. posted better-than-expected earnings while others missed estimates substantially. On balance investors were encouraged by the sector's first-quarter performance to date, said Theodore Kovaleff, the president of Informed Sources Service Group in New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.