Banks' capital market operations won a 25.7% market share in underwriting bank debt in the third quarter, up from 11.5% a year earlier.

The capital markets units of J.P. Morgan & Co. and NationsBank Corp. showed a strong advance, Securities Data Co. reported. Morgan jumped to third place from seventh, with 19 issues totaling $4.3 billion, and NationsBank rose to sixth from 10th, with nine issues for a total of $1.6 billion

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