Bank stocks' strong performance during the first quarter has left some people encouraged about the rest of the year and others worried.

The American Banker index of the nation's 225 largest publicly traded bank stocks advanced 10% during the winter quarter and topped the performance of stocks in general. An American Banker survey shows the greatest returns to investors in the quarter were provided by Shawmut National Corp., Putnam Trust Co., and Michigan National Corp., which are being acquired, as well as some banks with turnaround stories to tell.

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