Bank stock indexes surged dramatically higher Monday, spurring talk of a rebound for the battered sector.

The American Banker index of 50 largest banks rose 3.2%, and its index of 225 banks rose 3.1%. Big gainers included Chase Manhattan Corp., up 2.72%, to $77.9375; Bank of America Corp., up 3.82%, to $45.1875; and Wells Fargo & Co., up 4.40%, to $34.125.

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