Visa: Warren Buffett Financial Winner

Visa (V) was the winner among major U.S. financial names on Tuesday, with shares rising 2% to close at $95.63.

Warren Buffett's Berkshire Hathaway (BRK.B) on Monday after the market close in a 13-F filing with the Securities and Exchange Commission that the company had purchased 2.3 million Visa shares during the first quarter. Berkshire also held 405,000 MasterCard (MA), as of Sept. 30.

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Shares of MasterCard rose over 1% to close at $371.32.The broad U.S. stock indexes rose on Monday, with some positive economic reports. The Commerce Department said that retail sales in October increased 0.5%, beating the 0.4% increase economists had forecast but slowing from September's 1.1% gain. The Labor Department's producer price index fell 0.3% in October. Economists surveyed by Thomson Reuters had expected a 0.1% decline, following a rise of 0.8% in September. The KBW Bank Index (I:BKX) was up slightly to close at 38.73, with 19 of the 24 index components showing gains.Shares of Zions Bancorporation (ZION) rose 2% to close at $16.72, after CFO Doyle Arnold said at a conference that the company was being very careful in deploying excess cash, in the face of weak loan demand, according to an SNL Financial report. "You've got to go out so long today to pick up any appreciable yield and then run the risk of being caught when rates go up, as at some point they seemingly must," he said, adding that the Salt Lake City lender was "very reluctant to play that game."Large U.S. banks seeing shares rise over 1% on Tuesday included Bank of America (BAC), which closed at $6.13; BB&T (BBT), closing at $23.39; First Niagara Financial Group (FNFG), at $8.91; KeyCorp (KEY), at $7.30; M&T Bank (MTB), at $72.76; New York Community Bancorp (NYB), at $12.12; and People's United Financial (PBCT), closing at $12.67.Tuesday's financial loser was American International Group (AIG), with shares sliding 2% to close at $23.12.RELATED STORIES: A Golden Mortgage Opportunity From President Obama >Obama Needs to Fix Fannie and Freddie Now >Fannie and Freddie Execs Earned $95.4M Since Crisis >Newt Gingrich Called the Financial Crisis >Bank of America CEO Talks Debit, Housing >Big Bank Loan Growth to Decline: UBS >What Banks Should Say to Investors, But Won't >-- To contact the writer, click here: Philip van Doorn.To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.

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