NEW YORK, July 13 (Reuters) - U.S. stocks rose on Monday, recovering from an earlier drop, as an analyst's bullish assessment of bank performance lifted financials.
* Trading was volatile, however, as stocks initially opened higher and then swung between gains and losses in the first hour of the session.
* There was also uneasiness about the survival of CIT Group Inc, which provides financing to many small and mid-sized businesses.
* Shares of big-cap technology bellwethers, including Research In Motion Ltd and Cisco Systems Inc weighed on Nasdaq.
* The Dow Jones industrial average was up 47.99 points, or 0.59 percent, at 8,194.51. The Standard & Poor's 500 Index was up 4.28 points, or 0.49 percent, at 883.41. The Nasdaq Composite Index was up 1.14 points, or 0.06 percent, at 1,757.17.