Most major banking stocks were mixed Thursday as the overall stock market rose for the first time in the last three trading sessions. The Dow Jones climbed 8.29 points, to 3,3351.51.
J.P. Morgan & Co. was off 25 cents, to $55.25, while Banc One Corp., Columbus, Ohio, dropped 37.5 cents, to $45.375, and NationsBank Corp., Charlotte, N.C., fell 25 cents, to $45.75.
The sharpest fall was posted by MNC Financial Inc., Baltimore. It slumped $1, to $11.25, after First Union Corp., Charlotte, N.C., denied on Thursday any interest in acquiring the troubled company.
Rumored Bidders Gain
First Union itself appreciated 75 cents, to $37.50. Another rumored bidder for MNC gained as well.
PNC Financial Corp., Pittsburgh, was up 25 cents, to $51.50.
Also improving were Firstar Corp., Milwaukee, up $1 to $26.50; Wells Fargo & Co., San Francisco, up $1.75, to $76.25; and Wachovia Corp., Winston-Salem, N.C., up 75 cents, to $62.25.