After taking a severe beating in the stock market last week, shares of Bankers Trust New York Corp. and J.P. Morgan & Co. on Monday appeared to be making a comeback.

The recovery for the two trading powerhouses was driven by Banker Trust's settling a lawsuit over its sales practices and a recommendation of beth companies by PaineWebber Inc. In trading Monday, Bankers Trust's stock had gained $1, rising to $58.125. Earlier last week, the bank's stock fell to a new year low of $54.75.

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