Major bank stocks slipped in modest trading as investors headed for the sidelines to await the federal government's monthly employment report this morning.
Wells Fargo & Co. declined $1 a share, to $68.50; Chemical Banking Corp., 87.5 cents, to $32.75; NationsBank Corp., 75 cents, to $44; and BankAmerica Corp., 50 cents, to $43.625.
A few gainers bucked the trend. Banc One Corp. was up 50 cents a share in late trading, to $43.75; Mellon Bank Corp., 62.5 cents, to $40.75.
The Dow Jones industrial average was modestly lower near the end of the day.
