Bank stocks fell last week, as lunging long-term interest rates enewed investors' concerns about bank profits.
In the five trading days ended last Thursday. the American Banker bank stock index dropped 1.62%. The Dow Jones industrial average, however, rose to record highs last week, gaining 1.21%. On Friday, the blue-chip average edged up, gaining 3.35 points to 3,615.48. Bank stocks were mixed.