Citicorp was the most active bank stock on Monday, rising 25 cents to $32 on volume of 2.5 million shares in advance of second-quarter earnings being reported today.
The stock also got a nod from Stephen Berman of Natwest Securities Corp. He upgraded the stock to "buy" from "accumulate," saying he expects "a surprising earnings breakout" in the next six to nine months.
Chase Manhattan Corp. gained 25 cents to $32.75 on volume of 1.3 million shares. It reported better-than-expected second-quarter results.
Other major bank stocks were mostly mixed in relatively quiet trading on Monday as the overall stock market appeared to be searching for direction.