Bank stocks generally rose on Monday as the Dow rallied in late afternoon trading to gain 7.02 points, closing at 3,333.26.

Bank of New York Co. was one of the biggest gainers. Shares rose 87.5 cents, to close at $54.625, a 52-week high.

The bank's shares have risen sharply this year and got another boost earlier this month when the bank held an investor conference.

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.