Investors bid up financial institution stocks during much of Monday, but larger banks ended up losing ground in a late-day selloff by hungry profit-takers.

BankAmerica Corp. dropped $1.0625 a share, to $52.8125; Citigroup, 56.25 cents, to $34.875; and Mellon Bank Corp., 12.5 cents, to $54.0625.

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